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
Buyers - Disclosure and Presentation This case (case of Aluminium Industries vaassen B V v. Romalpa Aluminium Ltd) are simply relevant whether creditors involve a material amo

Ask question #Mini mum 100 words acMr. Howe, a Junior Partner of the CPA firm Dewey, Cheatem, & Howe (DCH), after noting that there is a proposal to limit Auditor liability is ver

what is statutory audit and private audit

Techniques of Obtaining Evidence ISA 500 mentions them as such: Inspection of documents or records, Inspection of tangible assets, Observation, Inq

General advantages and disadvantages of joint audits Advantages: All work and fees are welcome to audit firms. An opportunity to closely inspect the auditing methods

As per the standard audit engagement letter signed between external financial statement auditor and client/ auditee, auditor's primary role is to detect fraud. Ans: No, the prim

Relevance of Audit Evidence The relevance of audit evidence has to be determining in relation to the overall objective of forming a reporting and opinion on the financial stat


Recording the Audit - ISA 230 Purpose of working papers It is necessary which all audit work is documented - the working papers are the tangible evidence of the work co

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