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What techniques used during an audit?
Ans) ? Be professional at all times. Avoid being judgmental.
? Follow safety procedures, clean room procedures, and all other needed procedures. ? Describe the purpose of the audit to the auditees. ? Answer questions or discuss compliance problems brought to your attention by auditees. ? Be flexible - if you search a potential problem not within the scope of the audit - calculate the potential risks of the problem if left unaddressed.
Relevance The auditor obtains evidence either through compliance testing of the internal controls or through substantive tests of the information contained in the financial sta
AUDIT RISK As we have seen many parties rely on the audit opinion to make decisions, and therefore it is now a well established fact that if the auditor gives an audit opinion
This charter defines the mission, independence and objectivity, scope and responsibilities, authority, accountability and standards of the Internal Audit function. A charter i
if a proxy is voted as per his judgement other than member prescribed to him... what is the action to be taken?
Problem : As per the Field Standard (INTOSAI), competent, relevant and reasonable evidence should be obtained to support the auditor judgement and conclusions regarding the org
Financial Instruments - IAS 32 and IAS 39 IAS 39 and IAS 32 are examinable to the extent such they deal along with the presentation and measurement of equity, debt or else con
Fortex Limited, the meat processing firm, was formed in 1985 from three smaller companies. In 1993, however, after a few years of spectacular growth, the company collapsed. a)
#what are the procedures of conducting audit for the first time#
list four assertions that relate to account balances
list of assets
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