Auditing, Biology

Definition of auditing

According to the International Standard on Auditing (ISA) No. 200 Objective and common Principles Governing an Audit of Financial Statements, the objective of financial statements of an audit is to permit the auditor to represents an opinion since the financial statements are prepared, in each material respects, in accordance with a well-known financial reporting framework.

The phrases required to presents the auditor's opinion are "provide a true and fair view" or else "present fairly, in each material respects," that are equivalent terms. The similar objective applies to an audit of other information or of financial prepared in accordance along with suitable criteria.

The Institute of Certified Public Accountants of the Kenya (ICPAK) identifies as the independent examination of opinion on of an expression, the financial statements of an enterprise through an appointed auditor in pursuance of such appointment and in the compliance along with any relevant statutory obligation.

Posted Date: 1/24/2013 6:47:26 AM | Location : United States







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

Write discussion on Auditing
Your posts are moderated
Related Questions
what is omn viva ex ova?

Explain the Transport of Amino Acids? More than one transport or carrier system functions in the absorption of amino acids. The active carrier system for neutral amino acids sh

Complications : IABP can compromise blood flow to the leg at the time of insertion, pumping or after removal of balloon. It may also cause perforation, bleeding, thrombosis, embol

Q. Is reproduction in sponges asexual or sexual? Reproduction in sponges can be asexual by budding, fragmentation or gemmation (regeneration) or sexual with larval stage a cili

B l ac k q u ar t e r The disease is otherwise known as black leg or emphysematous gangrene, and it is associated with severe toxaemia, emphysematous swelling of muscl

Explain the Changes in Body Tissue Compartments - Underweight? The severity of nutritional deprivation determines the extent of changes in the body tissue compartments. The fir

Which organs are protected by (a) the skull, (b) the rib cage, (c) the vertebrae?   a) The skull safe the brain, b) the rib cage safes the heart, lungs, liver and spleen,

how trematodes/nematodes adapt to their parasitic mode of feeding

How Water Balance Take Place in Human Body? The amount of fluid in the body is tightly controlled because imbalance can be devastating. In a normal individual, the maintenance

Growth and Development of Plants You must have seen beautiful plants growing in pots in a garden. The plant grows while the pot does not. As a rule living things grow, but non