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
Insurance Companies Authoritative documents involved as: The Insurance Act The Companies Act IFRS 4 Insurance Contracts The major legislation governing insu

Verification of Liabilities - Audit Process Usually speaking, the auditor's duty along with regard to liabilities can be summarised follows as: 1. To confirm the existence of

YvesLaurent has just been put in charge of the BeautyNatural Inc. audit.BeautyNatural is a small, but growing retail chain of natural cosmetics stores. BeautyNatural needs to borro

Plz assist me with these questions The auditors for Weston University are conducting their audit for the fiscal year ended December 31, 2011. Specifically, the audit firm is now

IAS 28 - Audit Process IAS 28 applies in accounting for investments in associates, except those held through: Venture capital organisations, or Mutual funds,

Determinants of amount of audit evidence

What are the strength of Stock transfer note

Negligence in General There is no case against auditors and this made it hard to be accurate as to where the auditor’s legal liability falls.  We require therefore referring to

Authoritative Document is IAS 17 Leases The suitable technique of amortization or depreciation to require in the case of leasehold property and freehold buildings is straight-

Statistical sampling - Advantages A. It is defensible and scientific; B. It gives a precise mathematical statement for probabilities of to be correct; C.  It is efficien