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.

Positive Vs. Negative Assurance: What Are the Main Differences?

Audit

The term audit refers to examination or investigation. In practice, however, it is much more. An audit is a process through which independent auditors assess a subject matter. Usually, this subject matter includes financial statements. During the audit process, auditors collect audit evidence and evaluate the financial statements based on various criteria. The primary objective […]

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Types of Audits: 14 Types of Audits and Level of Assurance (2022)

Audit, Types of Audit

Overview: The audit is an art of systematic and independent review and investigation on a certain subject matter, including financial statements, management accounts, management reports, accounting records, operational reports, revenues reports, expenses reports, etc. The result of reviewing and investigation will be reported to shareholders and other key internal stakeholders of the entity for their

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Internal Audit Plan Ultimate Guide: Step By Step On How To Prepare Internal Audit Plan

Audit, Audit Plan, Internal Audit

Whenever a business is set up, it sets several rules, protocols, and SOPs. The business norms comply with every business entity to have an internal control system that regulates how the company will act. The internal control system comprises the set rules on how the company will act to safeguard the company’s interest and prepare

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Is Agreed Upon Procedures an Assurance Engagement?

Audit, Types of Audit

The audit process spreads over a vast range of activities. External auditors conduct an audit of a business entity to safeguard the interests of the stakeholders. For instance, consider shareholders, creditors, debtors, investors, governments, regulators, and other stakeholders. A business entity’s fair and successful operations and a transparent internal control system guarantee that stakeholders’ interests

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Risk of material misstatement for accounts receivable

Audit Procedures

Meaning of Accounts receivables Accounts receivables generally mean Trade receivables in the financial statement of large listed public companies. Accounts receivables are disclosed under the headings “Current Assets”. These are trade or non-Trade receivables that have been specified by the company or regulations and meet the criteria of being classified separately. Accounts receivables are characterized

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