Different from vouching, What is meant by verification and

Different from vouching

Assignment Help Accounting Basics

Reference no: EM13257302

Q. 1 What is meant by verification and how it is different from vouching? What is the importance of verification in audit?

Q. 2 Explain the methods to verify the various types of tangible and intangible assets.

Q. 3 How should an auditor verify the share capital, reserves and various types of liabilities?

Q. 4 What is the professional qualification required to be an auditor of a public limited company? What are the rights and duties of an auditor?

Q. 5 What are the various purposes for which an auditor's report may be required? Explain the various types of annual audit reports given by the external auditors.

Reference no: EM13257302

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