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Auditor's Procedures - Going Concern
In forming a thought on the going to relate position of a company, the auditors have to:
a) Examine the company, its plans for the future, its background, review of cash flows and the financing plans;
b) At every level of the audit research for and evaluate evidence for and against the going to relate applicability;
c) Whether he is in doubt, and the directors have formulated plans for the continuation of the company, he has to evaluate these plans, ensuring about:
d) Consider where he has enough evidence to form a thought on the applicability of the going to relate assumption.
Definition of Audit Evidence "Audit evidence" which is all the information used through the auditor in arriving on the conclusions on such the audit opinion is support, and in
Current Audit File The current audit file may involve inter alia: a) A copy of the audited financial statements and other report prepared such as a conclusion of audit work
Verification Work - Audit Process At the same time the audit process will need verification work as an example: examination of costing records, allocation and verification of
Problem: (a) Your client has sought your advise on the procedures to be adopted for carrying out the stocktaking which is based on a year-end count. You are required to prepa
QUESTION: (a) The auditor should get relevant and reliable audit evidence sufficient to enable him to draw reasonable conclusions therefrom: (i) What do you understand by
With internal audit we always require to be careful of any manipulations within the company itself. Errors & frauds within the company cannot be denied /overlooked at any cost.
Internal Audit has been asked by the State to review the activities of The Commission on Workforce Development
postage stamps 220 currency and coins 1156.60 how much petty cash fund shall be shown as part of cash balance
WHAT OF COST OF JOURNAL ENTRY?
techniques of vouching
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