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Verification of Liabilities - Audit Process
Usually speaking, the auditor's duty along with regard to liabilities can be summarised follows as:1. To confirm the existence of each liabilities shown in balance sheet.2. To confirm the correctness of the money amount of that liabilities. Because is they are all completely accounted for and correctly valued.3. To confirm such the description provided to the liabilities in the accounts is suitable and the disclosure is sufficient.4. To ensure that all existing liabilities in fact occurred and have been correctly included in the accounts.
techniques of vouching
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phases of operational auditing reports
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What is the meaning of it?
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
what are the qualities of stock verifier
Procedures followed in Conducting an Audit Procedures generally followed in conducting an audit by more than one firm of accountants and the division of work between them.
Non-Adjusting Events - Audit Process Non-adjusting events are those that are indicative of conditions such arose than the balance sheet date as a decline in the market price o
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