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!
Meaning of True in Auditing
Meaning of 'true and fair'/present fairly'
Truth in accounting is quite different form scientific truth. Accounting does without a deal along with that type of truth that has a fixed and unchanging quality. Revenues and costs for any accounting period such is less rather than the full life of every venture include cannot be determined along with precision. In accounting only cash draws close to the concept of scientific truth, since the value of cash changes along with time, it lacks entire correspondence along with the precision of scientific truth.
An auditor should attempt to ensure which the accounts such are subject of his audit present equitably and clearly the financial situation of the enterprise. This suggests which in order to achieve the statutory true and fair view it is necessary not only to present certain information impartially but also that this data is shown in such a way that it is clearly understood by the user.
Advantages and Disadvantages of a Continuous Audit Advantages: The regular or continual attendance of the auditor might act as a deterrent to scam; Weaknesses in the
please verify txns
Presentation and Disclosure - Audit of Accounting Estimates An enterprise should involve the following information relating to a discontinuing operation in its financial state
Question 1: Auditing standards regulate the audit profession. a) Explain the importance and role of audit standards. b) Lists four of the standards issued by the INTOSAI
Types of Transaction - Related Party Fundamentally two types of transactions which arise between a related party and a company as: A. It is usual for members of a collectio
how do internal controls affect or improve the goals of a bussiness firm
Q. Explain about Wash Sale? Wash Sale - A wash sale takes place if stock or securities are sold at a LOSS and seller acquires substantially identical stock or SECURITIES 30 day
Timing of Tests of Control - AUDITOR should perform tests of controls over a period of time which is adequate to determine whether, as of the date specified in management's report,
Management Representations as a Source of Audit Evidence International Standard on Auditing as abbreviated ISA 580 Management Representations gives guidance and standards on t
Matters of Audit Process Another matter to be covered as: 1. Accounting policies: these should be uniform all over the group and should be properly disclosed. 2. Consoli
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: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd