Answer Posted / arshad acca
Auditors can not check each and every single transaction of accounts.Audit is to verify the financial accounts and give audit opinion.
inventory audit : is to ensure that auditors have applied control and substantive procedure(physically seen the inventory to ensure it exists)in order to match the inventory with the books.
Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
what audit procedure i can do in the share capital account of a company and why it have been apply?
Explain the basic principles of an internal audit controlsystem?
What is caro 2004?
Explain the importance of internal audit to the organization?
How will you calculate impairment of assets of a software company?what is the necessary steps briefly describe?
How to reconcile GST Tally and GST Portal ?
How would you describe your management style
May deduct TDS Froma reseller ?
What do you know about KPMG?
Do you know what are the reasons for getting audited?
What is an audit process?
What are the essential of internal audit?
Please send me rbi previous exam paper with ans for group B at aparna_majumder@ymail.com
Define vouching?
can external audit be seen as merely an overhead cost adding no value to the orgnisation