Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Comparison of the Negative and Positive Methods
Negative Method
According to this method of circularisation, the customer is asked to communicate only when he does not agree along with the balance. Effectively the customer is told that whether no reply is obtained from them then the auditor will include that the debtor is in agreement along with all the terms in the circular. The main drawback of this method is that whether the debtor does not obtain the circular, so he will not respond, and this could be misconstrued to mean such the debtor obtained the circular whenever in fact it was never considered and received. From this standpoint, this way is unreliable and should just be used when there is strong internal control.Positive Method
According to the positive technique, the customer is asked to reply when he agrees the balance or not or is asked to provide the balance himself. This technique is used when there is weak internal control, suspicion of irregularities or items in dispute and several book-keeping errors.
Presentation and Disclosure - Audit of Accounting Estimates An enterprise should involve the following information relating to a discontinuing operation in its financial state
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
Provision and Accruals Previous to we consider the audit procedures along with regard to accruals and provisions, it is essential to clarify the meaning of two words in genera
procedures for verifying a fixed assets
Audit of Accounting Estimates An accounting estimate is described in ISA 540 Audit of Accounting Estimates as 'an estimation of the amount of an item in the absent of a precis
Cash and Window Dressing - Building Society Cash Possibility of misappropriation and error usually accompany the handling of cash. Building societies transactions towards
Audit points - Audit Process Key audit points are as 1. Internal control particularly along with regard to computerisation and internal audit. 2. Provision for doubtful
Auditors Procedures - Audit Process The relevant authority on post balance sheet events is ISA. The preparation of loss and profit account and balance sheet will forever inclu
please verify txns
With reference to the case study business, plan an audit. You should make specific reference in your plan to: Scope of the audit Materiality Risk factors including fra
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd