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.

Audit Working Papers: Definition, Form, Content, Example, and Importance

Audit

Definition: Audit working papers refer to the documents prepared by or use by auditors as part of their works. Those documents include summarizing the client’s nature of the business, business process flow, audit program or procedure, documents or information obtained from the client, and audit testing documents. Audit working papers are sometimes referred to as […]

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Audit documentation: Definition, explanation, example and objective

Audit

Definition: Audit documentation refers to the records or documentation of procedures that auditors performed, the audit evidence that they obtained and the conclusion that makes by them based on the evidence obtained. Audit documentation is sometimes called audit working paper or working paper. Internal control documents that auditor prepare in Ms words, Ms excel or

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What is An Analytical Procedure?: Definition, Use, and Types

Audit, Audit Procedures

Definition: Analytical procedures are the procedures that use by auditors to obtain audit evidence so that they could assess and evaluate the financial information that presents in the financial statements based on the concept that the financial information has plausible relationships with the other’s financial and non-financial information or data. Auditors use the analytical procedures

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Internal Audit Objectivity – What Is It? And Why Is It important?

Audit

Definition: Internal Audit Objectivity or objectivity is one of the internal audit codes of ethics that requires the auditor to stay unbiased and highly disciplined in all conditions. The auditor should eliminate or remove all conditions or factors that could impair their professional judgment. Two main factors auditors need to consider to ensure that they

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Internal Audit Confidentiality – What Is It? & Why Is It Importance?

Audit, Internal Audit

Confidentiality is one of the most important of internal audit’s code of ethics that required the internal auditors to keep information that they obtain from clients during their audit confidential. In other words, the information should not hand to people that are not authorized to access it. Normally, the internal auditors could have the right

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