Specialized audit situations, Auditing

Specialized Audit Situations

Companies carry on thousands of different types of trade, business or professional activities.  It is not possible in a manual on general auditing procedures to consider the special audit problems of each of them.  In US therefore, when we are talking of specialised audit situations, we would be talking about the financial sector, including institutions such as banks, financial institutions, building societies, insurance companies, hire purchase companies.  We are also concerned with charitable organisations, non-profit making organisations, lawyer's practices and public entities such as cooperative societies, parastatals and local government authorities.

Posted Date: 1/28/2013 2:47:09 AM | Location : United States







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

Write discussion on Specialized audit situations
Your posts are moderated
Related Questions
Q. Corporations generally issue stock dividends in order to a. increase the market price per share. b. exceed stockholders' dividend expectations. c. increase the marketability of

Valuation and Income - Verification Procedures Valuation Valuation of listed securities is easily conformed along with suitable financial publications. Directors' valua

Disclosures about Inventories - IAS 2 IAS 2 specifies disclosures about inventories. In a large manufacturing company, no article in the balance sheet appears verification

Sales are shipped FOB shipping point with credit terms n/45. You have verified that the last shipping number used in 2009 was 261,336 and that numbers were used in numerical order.

Classification of Individual Business Risk Individual business risk can be low or high impact and low or high likelihood. Here are some illustrations for a satirical magazine.


what is the effect of fraud and error on the financial statement.please I want simple answer


Reliance on the Work of Other Auditors The principal auditor or the primary auditor is solely responsible for the holding company's accounts. So here it is inevitable but that

Explain the independence between the auditor and the client on financial statement audit engagements