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Statutory Audits
The audits are compulsory below statute in the case of a large amount of number of undertakings involving the following as:
Undertaking
Principal Act
Limited Companies
Building Societies
Banking and Financial Institutions
Insurance Companies
Co-operative Societies
Companies Act 1962
Building Society Act 1962
Banking Act 1989
Insurance Act 1984
Co-operative Societies Act
techniques of vouching
what are the qualities of stock verifier
Communication with the expert If the auditor intends to use the work of an expert then he must communicate with the expert well in advance to confirm the terms of engagement an
Advantages and disadvantages
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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 assista
main areas contained in a private audit
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
Specialized Audit Situations Companies carry on thousands of different types of trade, business or professional activities. It is not possible in a manual on general auditing
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