Auditing is the inspection that performance professional auditors to entity’s financial statements and others related financial records.
There are many topics that we covering related to auditing include:
When you belong to Asian countries like India, Pakistan, Bangladesh, Japan, Hong Kong, China, or residing in Canada, the United Kingdom, etc., CA is the dream career with being among the highest-paying jobs. It is one of the reasons why many students go for a CA after completing their college degrees. There is no doubt …
Business organizations working in different industries need their processes, financials, databases, etc., to be examined and approved as satisfactory for long-term operations. The examination aims to avoid unethical practices, financial embezzlements, etc. The standard procedure for this purpose is an audit, and you must be a bit familiar with the concept. The audit is generally …
Whether you are a CPA, finance, or accounting student, understanding the audit process, assurance engagement, and attestation is important for you. Besides, the businesses also need to understand the concept of audit and attestation. As a CPA accountant, you must know the difference between audit and attestation engagements to help your clients understand the meaning …
What is the Difference Between an Audit and an Attestation? Read More »
If you have always heard of a principal regarding agency theory and partner regarding the partnerships in businesses, etc., you never had complete knowledge. Principal and partner are the terms that are used in several places for different meanings. If we talk about the education industry, a school or college principal is the managing director. …
Principal Vs. Partner: What Are The Differences? Read More »
Computer and Information Technology have revolutionized every industry and field of life. The corporate world is no different as IT and computer is a necessity to keep hold of information, process large sets of data, and make decisions based on the information. It’s because of the capability of computers and technology to process the bulk …
What Are Computer Assisted Audit Techniques (CAATs)? Advantages and Disadvantages Read More »
Similar to the world, South Africa also has its own Institute of Chartered Accountants called the South African Institute of Chartered Accountants. Many people ask about the difference between chartered accountancy and the other accounting fields. It’s a commonly asked question what does the South African Institute of Chartered Accountants (SAICA) do? Before we get …
What Does the South African Institute of Chartered Accountants(SAICA) do? Read More »
An accounting firm can help you keep your finances sorted and offer timely actionable advice. However, not all accountants are created equal. Choosing the accounting firm to entrust your personal or business finances with can be challenging. So in this article, we will help you decide by discussing the most important factors to look for …
Auditing is a process in which an auditor examines a subject matter. Usually, this subject matter is a client’s financial statements. The auditors can be internal or external to that client. However, they must be independent of the client’s management. The primary objective of this process is for the auditors to form an opinion based …
What Are the Recalculation and Reperforming Procedures in An Audit? Read More »
Stakeholders require information from a company to make various decisions. These decisions concern the relationship between them and the underlying company. Usually, companies use their annual reports to convey information. These reports also include the financial statements that play a significant role in meeting stakeholders’ needs. Usually, companies prepare four primary financial statements with notes. …
What is the Scope of Audit Engagement? Explanation? Read More »
Companies prepare financial statements to report their financial standing. These statements usually include the balance sheet and income statement. While these are the most prominent ones, companies also prepare the cash flow statement and statement of changes in equity. Usually, companies report financial information in their accounts at the end of each accounting period. This …
What Are the Five Types of Audit Assertions? (The 5 Most Important) Read More »
