Techniques used during an audit?, Auditing

Assignment Help:

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.

 


Related Discussions:- Techniques used during an audit?

Fraudulent financial reporting, Fraudulent financial reporting Involves...

Fraudulent financial reporting Involves intentional misstatements or errors of amounts or disclosures in financial statements to mislead financial statement users. Fraudulent f

Questionable and fraudulent accounting, Assessment tasks: This assign...

Assessment tasks: This assignment requires you to revisit the case of the collapse of US energy giant Enron Ltd. Your revisit starts with a reading of the excerpts from memos

Assignment , Length: 2000 words Submission method options Alternative submi...

Length: 2000 words Submission method options Alternative submission method Task Question 1 (5%) Case: Battersby and Associates Chartered Accountants is a successful mid-tier ac

Timing of tests of control, Timing of Tests of Control - AUDITOR should per...

Timing of Tests of Control - AUDITOR should perform tests of controls over a period of time which is adequate to determine whether, as of the date specified in management's report,

Audit evidence, list four assertions that relate to account balances

list four assertions that relate to account balances

Audit, Why is studying Auditing different from studying other accounting to...

Why is studying Auditing different from studying other accounting topics?

Over head, project report on absorption of overhead and its different meth...

project report on absorption of overhead and its different method

Audit of accounting estimates, Audit of Accounting Estimates An accoun...

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

Taxation - audit process, Taxation - Audit Process Companies suffer co...

Taxation - Audit Process Companies suffer corporation tax. The Companies Act use that corporation tax payable on the profits of any specific year should be matched against tho

Non-statutory audits, Non-statutory Audits The non-statutory audits ar...

Non-statutory Audits The non-statutory audits are performed through independent auditors sicne the owners, proprietors, trustees, members  and governing and professional bodie

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd