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!
Auditors Responsibilities with regard to related parties
ISA 550 Related Parties states which the auditor should perform audit process designed to find sufficient suitable audit evidence regarding to the identification and disclosure through Management of related parties and the effect of related party transactions which are material to the financial statements. Conversely, an audit cannot be expected to finds all related party transactions.
The Audit process can be sum up as follows:
Step 1: Recognize the related parties.
Step 2: Distribute the directory to audit staff requesting them to ensure which any transaction along with concerned parties of that they come across may be looked at carefully.
Step 3: Seek out transactions along with the related parties.
techniques of vouching
AsList and define five audit procedures for obtaining audit evidence. (ii) Why is it necessary to obtain corroborating evidence for inquiry and observation? (iii) What is the dif
RELEVANCE OF IAS / IFRS TO AUDITING The auditors should involve in their report that their view on whether the financial statements they report are true and fair view. It is comm
what factors of stoc verification
Problem: You are an auditor of a company which operates three large departmental stores at Grand Bay, Port Louis and Tamarin. You are preparing your audit plan and you are p
Permanent Audit File The permanent audit file might involve, inter alia: a) A copy of the enterprise's statutes or statutory documents and other legal governing the enterpr
Principles of Auditors Procedures i. The financial statements should be prepared on the source of conditions existing on the balance sheet date. ii. The material post balance
Examine consignment agreement s and contracts
Develop an audit program to identify and reduce potential fraud using ACL.
What are Objectives Of Internal Audit? Ans) The purpose of internal audit is to remain proper control over business activities. When there is proper control there is maximum eff
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