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what is audit & activities of auditor?
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Answer / nishant gupta
audit is independent examination of financial statements
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / bharat
Audit means an independent examinations of financial
statement prepared at every year end by an person appointed
by the members of the company to carry out functions of
auditing books of accounts of the company.
Activities of auditor means
Activities carried out by auditor in order to conduct audit
of an company by employing various audit procedure &
techniques.
| Is This Answer Correct ? | 4 Yes | 1 No |
Audit refers to examination of books of Accounts with
objective to get ensure that whether entries in books of
accounts are correctly done, Balance on financial Statement
are in agreement with book of accounts balance, all
relevant accounting standards and relevant applicable law
were followed in preparation of financial statement and
finally give opinion that whether financial statement
refelect true and fair view of enterprises.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / selva
audit is viewing psychoanalytic each and every financial
translation of the company with leniently.and examination of
financial statements, prepared at every end of the year.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / shrikant
audit is independent examination of financial
statements.prepared at every year end by an Auditor
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / sarfaraz shaikh
Audit meance give state to about all economic tansaction
done by orgainzation as per low to it's User.
Audit activities meance A who's auditor should be veryfy
& check out of all economic tansaction done by
orgainzation.And give stat about it's record as per
legality or not to it's user.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / banu
Audit will do the reconilation of all the account done by
accounts department
| Is This Answer Correct ? | 1 Yes | 3 No |
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7. Sarbanes-Oxley requires auditors of public companies to maintain audit documentation for what period of time? A) Not less than 3 years. B) Not less than 5 years. C) Not less than 7 years. D) Through the issuance of the financial statements.
I have had a Accounting experience more than 20 year in General Accounting, Traveling & Tourism, and Air lines. Can I change my Job from Accountant to Auditor- Please give me right advise.
What aspects interest you in the field of auditing ?
what do you understand by double entry system.
what are all the things done by an accountant in small company. for example-if he is maintaining accounts receivable.
Did you apply for any other big 3 companies?
Alpha Co. issued to the public for subscription 40000 shares of rs 10 each at discount of 10%payable as rs. 2 each on application, allotment and first call and rs.3 on the final call. Applications were received for 60000 shares and allotment was made pro-rata to 80% of applicants. R to whom 2000 shares were allotted paid only the application money, and S who had applied for 3000 shares,paid the entire call money due along with the allotment. pass journal entries to record the above transaction.
which of the following procedure would auditor lease likely perform in planning a financial statement audit?
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Audit 
