Audit

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:

  • Audit plan
  • Audit approaches
  • Audit reports
  • Audit opinion
  • Audit risks
  • Audit Procedures
  • Internal Audit
  • And many others importance topics related to auditing.

What is the Difference Between an Audit and an Attestation?

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 …

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What Are Computer Assisted Audit Techniques (CAATs)? Advantages and Disadvantages

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 …

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What Does the South African Institute of Chartered Accountants(SAICA) do?

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 …

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What Are the Recalculation and Reperforming Procedures in An Audit?

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 …

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What is the Scope of Audit Engagement? Explanation?

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. …

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What Are the Five Types of Audit Assertions? (The 5 Most Important)

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 …

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