Matters of audit process, Auditing

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. Consolidated adjustments should be approved out accurately both mathematically and conceptually.

3. He should ensure about all material subsidiaries have been audited.

4. He should investigate about all known co-terminus accounts.

5. He should investigate about for window dressing

6. He should consider foreign subsidiaries whether any.

Posted Date: 1/28/2013 5:00:43 AM | Location : United States







Related Discussions:- Matters of audit process, Assignment Help, Ask Question on Matters of audit process, Get Answer, Expert's Help, Matters of audit process Discussions

Write discussion on Matters of audit process
Your posts are moderated
Related Questions
In order for auditor to perform audit as per GAAS, only programming independence is required from the audit client. Ans: Yes I agree with the statement as: Programming independe

Case Study: You have commenced work as a graduate auditor with a well established audit firm. The firm has a wide client base, which includes some of the largest companies in t

Conformity and Conservatism - External Auditor Report Conformity Although the user of the accounts expects the accounts to conform to general accepted accounting princi


Skills and Objectivity of Expert The skills and competence of the expe rt Whether planning to require the work of an expert, so the auditor should assess the professiona

Kevin Black, the sole owner of a small bakery, has been told that the business should have financial statements reported on by an independent auditor. Kevin Black, having some b

what is the role of a joint auditor

In June 2004, Feltex Carpets Limited raised NZ $254 million in an initial public offering. Twenty seven months later the company was in receivership, its share price having collaps

Accounting Requirements - IAS 40 Investment Properties IAS 40 prescribes the accounting treatment about investment property and related disclosure necessities.  Investment

The following situations involve a possible violation of the MIA ByLaws (on professional ethics, conduct and practice). For each situation, (1) decide whether or not the Code has b