Audit Evidence and its reliability: Audit evidence is the foundation based on which an audit is done. During the course of an audit, an auditor…
Auditing and its scope: Over time, the scope of auditing has expanded. Earlier, auditors were expected to only check the arithmetical accuracy of accounts. But…
The role of an auditor is crucial in judging the accuracy and authenticity of financial records. When auditors verify the books of an entity, they…
We all know that audit safeguards the financial interests of those who are not directly associated with a company’s management such as shareholders, creditors, and…
The basic duty of an auditor is to examine the books of account and relevant documents so that he can report on the financial condition…
Error and Fraud in Audit: You must be knowing that the primary objective of an audit is to express an opinion on the truthfulness and…
Auditing and its advantages: Every auditor should carry out his work impartially and effectively based on actual facts and figures. Because an audit and the…
An audit programme plays an important role in the execution of audit work. It is desirable that an audit programme should be developed for each &…
In this blog, we have differentiated between an audit plan and an audit programme. An auditor conducts an audit using a variety of instruments such…
“Accounting is a necessity while auditing is a luxury”. This view is sometimes taken by small firms and traders. They feel that while accounting is…