private audit, Auditing

main areas contained in a private audit
Posted Date: 3/18/2013 1:23:33 PM | Location : Kenya







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

Write discussion on private audit
Your posts are moderated
Related Questions
Long Term Contracts - Audit Process The authoritative document with reference to long term contracts is IAS 11: Construction Contracts and IAS 18: Revenue Recognition, and ISA

Types of Transaction - Related Party Fundamentally two types of transactions which arise between a related party and a company as: A. It is usual for members of a collectio

Banks The Authoritative documents are: The Central Bank of Kenya Act, The Companies Act Cap 486. IAS 30 Disclosure in the Financial statements of Banks and Similar

Key Audit Areas Key audit areas in detail (a) Ascertainment of creditors and debtors:   Insurance companies do not keep their personal ledgers in such a way as to prod

Current Audit File The current audit file might include inter alia: a) A copy of the audited financial statements and any report prepared as a result of audit work carried out

Examples of Liabilities Examples of those liabilities are: a) Claims by employees for injury at work such should be covered through workman's compensation; b) Claims thr

oversee commission staff to ensure individuals are properly trained and monitored probable risks, controls and audit tests



Business Risk Approach This approach requires the auditor to determine what are the very important business risks which the client faces. This line of approach both helps the c