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Audit of Assets- Audit Process
Non current assets have the fundamental characteristic which they are held for require in the business and not about resale. IAS 1 Presentation of financial statements explains current assets as those assets such are consumed or expected to be sold in the course of the operating cycle or assets such are held primarily for short term trading reasons and are expected to be realized along within 12 months of the reporting date or cash and cash equivalents. Any assets are types as noncurrent assets that are also explain as long term assets or fixed assets.
Interim and Final Audits Whereas the split between the systems and balance sheet audits is concerned with thetype of work covered, that between the interim and final audits is
Basic Elements of a Management Representation Letter Whenever requesting a management representation letter, such the auditor would request which it be addressed to the audi
Seek Out Transactions with Related Parties Within the course of the audit, the auditor carries out process that may identify the existence of transactions along with related
Goodwill and Business Combinations - Intangible Assets Goodwill is the one of most strange of all assets since it cannot be differentiate from the business. It cannot be sold
The Concept of Audit Evidence Auditing is an evidence gathering exercise. It is an exercise carried out to confirm the assertions made by the management in carrying out the man
Stock Taking - Audit Process The procedures for carrying out physical stock taking vary in detail according to the circumstances and size of the business and the life of its
i have assignment question
four factors which influence the reliability of audit evidence
what are the things we need to check in statutory audit of bank?
Question 1: "While their roles sometimes overlap, financial statement auditors and forensic accounting investigators tackle financial fraud issues from different perspectives,
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