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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.
Sundry Debtors and Loans Sundry debtors and loans are not generally material assets of companies another than those companies whose business is to create loans. We shall cons
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
Ask question Using analytical procedures and the information provided in the appendix, perform an analysis of Cloud 9’s financial position and its business risks. Discuss the ratio
WHAT OF COST OF JOURNAL ENTRY?
Sales are shipped FOB shipping point with credit terms n/45. You have verified that the last shipping number used in 2009 was 261,336 and that numbers were used in numerical order.
Auditors Procedures - Disclosure and Presentation 1) Ascertain that what steps the client uses to identify suppliers, selling on terms that reserve title by enquiry of those c
1. On 5 August 2012, the financial controller informed you that the board has recently received a letter from the assistant general manager, Mr. Tan. The letter contains a confessi
The Need for an Audit If you take an example of a modern large liability company, we can clearly distinguish between the providers of funds and those who control those funds. The
describe how the auditors would determine that all investments income from shares had been properly recorded in the accounting records
Is an audit 100% guarantee?
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