What is the meaning of deviations, Financial Management

What is the meaning of Deviations

Deviations must be recorded and investigated regardless of the amount involved and then assess whether deviations are isolated departures or indicate existence of errors in accounting records.

If replies are unsatisfactory then preliminary assessment of control risk isn't supported. Auditors should modify the timing, nature and extent of their planned substantive procedures.

 

Posted Date: 9/3/2013 2:50:49 AM | Location : United States







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