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
State the FIVE threats contained within Auditor''s Code of Ethics and Conduct and for each threat list ONE example of a circumstance that may create the threat.

Audit Work on the Holding Company We will focus on the verification of investments in subsidiary companies. 1. Get a schedule that should contain the following information. A

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

Problem 1: You have been asked to design a system of controls so as to prevent unauthorized payments being made from the bank account. You are required to identify the controls

Benefits of Internal Audit are following: It is in-expensive. No charted accounted is needed to audit internally. Faults will be removed before preparing financial stateme

Problem 10.42 An investment of $83 generates after-tax cash flows of $49 in Year 1, $67 in Year 2, and $131 in Year 3. The required rate of return is 20 percent. The net presen

Disclosure Requirements - Investment In common terms, the following items have to be disclosed in the concern to all investments: (a) The accounting policies about:-

You are the auditor of ABC Company and the audit process is almost complete. The audit report is due to be signed next week. However, the following additional information on two ma

Furniture, Fixtures and Disposal of Non-Current Assets Furniture, fixtures and fittings The only matter here to note is the depreciation of fittings and fixtures.  Since

Auditors Procedures Before Stock Taking 1) Study of the clients stock taking recommendations and instructions for improvements or changes whether the auditor considers them in