Special Audit Techniques
Techniques of auditing refer to specific art and skill used for obtaining the evidence required by the auditor. The techniques are given below are in addition to conventional audit procedures such as posting, casting and vouching.
1. Confirmation: confirmation refers to a reply to the inquiry put forth to corroborate the information contained in the records.
2. Surprise Checks: An element of surprise while conducting an audit improves its effectiveness. Elements of surprise in an audit may be with regard to time of audit or item of audit.
3. Inquiry: Inquiry involves seeking appropriate information from knowledgeable sources, both inside and outside the organization.
4. Cut -off Procedures: These are procedures employed to ensure the separation of transaction at end of one year from those at the commencement if next year.
5. Analytical Review Procedure: This is a technique designed to obtain evidence as to completeness, validity and accuracy of data produced by accounting system.
6. Observation: Observation consists of witnessing a process being performed by others.
Special Audit Technique Assignments Help & Homework Help
We at Expertsmind.com offer email based Special Audit Technique, advanced auditing homework help and instant projects and writing assignments with best online assistance form live qualified and experienced auditing experts. We have gained precious market and faith of students in education market and thousands of students are taking help our talented tutors. Feel free to ask any questions under Special Audit Technique subject without any more effort from online tutors.
Instant Online Tutoring Session
Do you need expert's assistance in solving your doubts and problems in Special Audit Technique subject? Experts at expertsmind.com are always there for help. We at Expertsmind.com arrange instant online tutoring sessions to solve your Special Audit Technique, advanced auditing problems and to make clear concepts in advanced auditing.
Some areas of study are given below:
1. Statistical Sampling
2. Audit of Fixed Assets
3. Audit Risk
4. Materiality in Auditing