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
Why a company or firm should carry out the audit related work.
what is the difference you can make by doing your course in the country of your choice
Why you want to be a auditor?
What does an internal audit charter contain?
hi friend i have selected in ssc cgle as accountant in audit department. can anyone tell about the work of accountant in audit department?
Discuss the factors to be considered by the auditor in order to determine an audit strategy.
What is audit trail in siebel?
What is the mean of statutory audit?
What are the basic principles of an internal audit controlsystem?
Explain what are the different functions of internal audit?
vat on liquor vat on food ? vat on bevrages ? vat on tobaco? vat on gold?
while calculating drawing power for the purpose of cc limit ,while deducting creditors from stock whether to consider debit balance of creditors ,in total of creditors' credit balance ?
who is the auditor and his deautis
How auditing is prepared?
How does an internal audit differ from an external audit?