Audit approach, Auditing

Audit Approach

The auditor:

1) Must get the cooperation of the client, as simply the client can authorise third parties that communicate along with the auditor.

2) Choose the way to use, this can be negative or positive or may a combination of both.

3) Choose a sample.  All customers can be circularised since this is unusual.

4) Draft the circular, however ensure about it is written out on the client letter head and such it requires a reply to be send direct to the auditor.

5) Fill in the details.

6) Himself the letter dispatch.

7) Evaluate and receive replies.

8) Follow up whenever replies are not received.

Posted Date: 1/28/2013 12:21:12 AM | Location : United States







Related Discussions:- Audit approach, Assignment Help, Ask Question on Audit approach, Get Answer, Expert's Help, Audit approach Discussions

Write discussion on Audit approach
Your posts are moderated
Related Questions
Audit of Holding Companies and Group Accounts Authoritative documents are as: The Companies Act Cap 486 IAS 27 IAS 28 IAS 31 IFRS 3 ISA 600 r

Assertions about account Assertions about account balances at the duration end: a) Existence -assets, equity and liabilities interests exist. b) Obligations and Ri

You are auditing Pell grant provided to students at six state universities. The Pell grant program is a federal financial aid program for college students. The maximum grant a stud

Business Risk Analysis Business risk can be analyzed between external and internal risks: External risks: Changing legislation (e.g. minimum wage) Changing inter

AUDIT RISK As we have seen many parties rely on the audit opinion to make decisions, and therefore it is now a well established fact that if the auditor gives an audit opinion

Charities and Non Governmental Organizations Key audit areas: Income: donations therefore are not easy to confirm good internal control is needed particularly o

Method of corrercting evidence?

i need an assignment for auditing with word count of 1750

Factors Affecting Statistical Technique Factors to be taken into concern before adopting statistical techniques as: a) The number of clients to whom it is appropriate since

Auditor's Duty - Audit Process The auditor has a responsibility to express a thought on the truth and fairness and compliance along with legislation, of the accounts. The valu