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Tag: Audit report

The Importance of Audit Report and its Purpose

by Finlawportal TeamPosted onAugust 28, 2022AuditLeave a comment on The Importance of Audit Report and its Purpose
Importance of audit report

In this blog, we have discussed the importance of an audit report and the purpose it serves. An audit report is the end product of…

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MCQs on Audit Report: A Compilation

by Finlawportal TeamPosted onJuly 12, 2022August 14, 2022AuditLeave a comment on MCQs on Audit Report: A Compilation
MCQs on Audit Report

In this post, we have compiled various multiple-choice questions (MCQs) with regard to the preparation, signing, and other matters relevant to an audit report. What…

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Contents of Audit Report and its sample format

by Finlawportal TeamPosted onJuly 9, 2022July 17, 2022AuditLeave a comment on Contents of Audit Report and its sample format
Contents of audit report

Contents of Audit report: In this blog, we have discussed the basic contents of an audit report along with a sample format. While conducting an…

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What are the Characteristics of a Good Audit Report?

by Finlawportal TeamPosted onJuly 8, 2022July 17, 2022AuditLeave a comment on What are the Characteristics of a Good Audit Report?
Characteristics of a Good Audit Report

Characteristics of a Good Audit Report: The process of accounting is regarded as incomplete unless the books of account and financial statements are independently verified and…

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Audit Report and Audit Certificate: How do they differ?

by Finlawportal TeamPosted onDecember 19, 2021November 3, 2022AuditLeave a comment on Audit Report and Audit Certificate: How do they differ?

The terms ‘audit report’ and ‘audit certificate’ are used in common parlance by people in the accounting field. Although they might sound similar, yet they…

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Difference Between Qualified and Unqualified Audit Report – 4 Types of Audit Opinion

by Finlawportal TeamPosted onDecember 12, 2021November 3, 2022AuditLeave a comment on Difference Between Qualified and Unqualified Audit Report – 4 Types of Audit Opinion

Qualified and Unqualified audit report The conduct of an audit is always followed by an audit report duly furnished by a company’s auditor. An auditor…

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Audit plan Audit report Audit standards Case briefs Conditions & warranties Cost audit Differences Duress Internal controls Legal Intention M&A Negligence Objectives of Auditing Occupier's liability Offer and acceptance Tortious liability Undue influence

  • Vouching vs tracing
    Vouching vs Tracing in Audit
  • Auditor Consent Letter
    Auditor Consent Letter for Appointment and its Format
  • Special Audit
    What is a Special Audit? Its Need and Types
  • Cut-off procedures in audit
    What is meant by Cut-off procedures in Audit?  
  • Interim Audit
    What is an Interim Audit? Objective | Advantages & Disadvantages
  • Lee vs Lee Air Farming
    A case summary of Lee vs Lee’s Air Farming Ltd.
  • Reliability of audit evidence
    All you need to know about the Reliability of Audit Evidence
  • Difference between AGM and EGM
    What is the Difference between AGM and EGM?
  • Scope of auditing
    An understanding of the Scope of Auditing
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