Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Comparison of the Negative and Positive Methods
Negative Method
According to this method of circularisation, the customer is asked to communicate only when he does not agree along with the balance. Effectively the customer is told that whether no reply is obtained from them then the auditor will include that the debtor is in agreement along with all the terms in the circular. The main drawback of this method is that whether the debtor does not obtain the circular, so he will not respond, and this could be misconstrued to mean such the debtor obtained the circular whenever in fact it was never considered and received. From this standpoint, this way is unreliable and should just be used when there is strong internal control.Positive Method
According to the positive technique, the customer is asked to reply when he agrees the balance or not or is asked to provide the balance himself. This technique is used when there is weak internal control, suspicion of irregularities or items in dispute and several book-keeping errors.
what is the effect of fraud and error on the financial statement.please I want simple answer
what is the nature and scope of forensic auditing?
Motor Vehicles - Audit Process Similar considerations govern the audit of motor vehicles as to those relating to machinery and plant. The simply matter of consideration now i
Questionable Payments In some countries, business is often gained by bribing ministers or public officials or officers of companies or firms with whom one wishes to do business
Valuation and Income - Verification Procedures Valuation Valuation of listed securities is easily conformed along with suitable financial publications. Directors' valua
why are the figures presented to an auditor not sufficient for absolute reliance
Audit Reports - Going Concern In the vast widely of cases, the going to relate assumption is suitable and whether applied no mention require be made in the auditor's report.
People do not plan to fail, they fail to plan. Planning is an essential feature of an effective audit. The most effective plan is one that is reduced to writing, outlining the au
Q. Explain the Single Audit Act? Single Audit Act - Single Audit Act of 1984 and Single Audit Act Amendments of 1996 establish requirements for audits of states, non-profit org
The function of internal audit is concerned with analysis of internal check. The internal audit can look into the duties of every employee. All employees are given jobs on the basi
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd