Audit

A Payment Card Industry (PCI) audit is an examination of the security of a business’s credit card processing system. A PCI audit consists of a start to finish audit to determine the effectiveness of the information security controls of a business. A PCI audit consists of several points or a checklist that businesses must comply […]

Introduction Over the last two decades, the auditing profession has suffered from various scandals such as Enron and other high-profile audit scam settlements. The involvement of PwC in the Satyam scandal has brought it to its knees in an operational environment in the World. Such is the scenario that once the auditor or firm is

The Auditor’s letter of consent is the letter that is prepared by the client or management and communicated to the previous or current Auditor (the outgoing) to inform them about the changing of the Auditor of their company. This letter allows them to provide the information requested by or will be required by the upcoming

Introduction Audit evidence can be regarded as an increasingly important tool within the audit process, primarily because of the reason that it really impacts the outcome of the audit process, in terms of the report that is generated. Therefore, it is of tantamount importance to ensure that these features are properly covered and drafted by

Auditor’s independence refers to an independent working style of the auditor being unbiased, unfettered, uninfluenced, and being fully objective in performing audit responsibilities. The concept of independence means that the auditor is working independently carrying out the objectivity of his audit performance. Auditor’s independence refers to the state being of an auditor where he is