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How to involve people in audit?
Ans) Use audits as opportunities to train others. Ask for a volunteer (who is not an auditor) to walk by the audit process with you as an assistant. This will give others with a better understanding of what audits are and why they are essential.
Invite all the auditees to the closing meeting. Having been an auditee, we know it helps to hear audit findings first hand, the positive as well as the negative. Involving people makes a feeling that everybody is a vital contributor to the goal of the company - compliance.
Prepayments - Audit Process Prepayments similar to accruals are not mostly checked through the double entry system. This creates them susceptible to mistake. The auditor's pro
The modern integrated audit approach combines elements of various traditional audit areas having financial, operational, and information technology.
Reliance on the Work of Other Auditors The principal auditor or the primary auditor is solely responsible for the holding company's accounts. So here it is inevitable but that
Business Risk Analysis Business risk can be analyzed between external and internal risks: External risks: Changing legislation (e.g. minimum wage) Changing inter
(i) Overview of the audit process (a) Identify the key steps in this framework/ concept. (b) Briefly explain each of the key steps, in your own words. (ii) Framework of cr
what is materiality?
I have some questions in ACL PROGRAME . IF YOU CAN HELP ME
Assessment item 2 Case Study and Report Due date: 19-08-2016 Length: 2000 words Task Question 1 (5%) Case: Battersby and Associates Chartered Accountants is a successful mid-t
Determinants of amount of audit evidence
Q. Which of the following statements is not considered a disadvantage of the corporate form of organization? a. Additional taxes b. Government regulations c. Limited liability of s
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