Auditor’s Certificate
An Auditor’s certificate is a confirmation of the accuracy of the facts relating to the accounts for a particular time or to a specific matter.
D. Audit Planing and Reporting
Cost Audit: Definition, Advantages, Disadvantages, Types
Discover the meaning, advantages, and types of cost audit. Learn how cost audits improve management decisions and benefit shareholders and society.
Audit Materiality: Meaning, Examples, Preliminary Judgement about Materiality
Materiality is a concept within auditing and accounting relating to the importance and significance of an amount, transaction, or discrepancy.
Completing Audit: 3 Steps of Audit Completion
Auditor’s 3 responsibilities in completing the audit involve; completing the fieldwork, evaluating the findings, and communicating with the client.
Audit Notebook: Definition, Meaning, Contents, Advantages
Audit Notebook is a diary for auditors to record observations, errors, doubtful queries, explanations, and clarifications to be received from the clients.
Professional Ethics in Auditing
Professional ethics is the professionally accepted standards of personal and business behavior, values, and guiding principles.
Audit Report: Definition, Elements, Characteristics, Types
An audit report is the auditor’s written opinion explaining if the financial statements are free of material misstatements and presented correctly.
Financial Statement Assertions in Auditing
Learn five key financial statement assertions in auditing: existence, completeness, valuation, rights and obligations, and presentation and disclosure.
Audit Risk: Components of Audit Risk
The audit risk is the risk that the auditor will not discern errors or intentional miscalculations while reviewing the company’s financial statements.
Audit Engagement Letter: Meaning, Contents, Sample, Format
The audit engagement letter confirms the auditor’s acceptance of the audit and includes the responsibilities’ objective, scope, and extent of the audit.
Audit Working Papers: Importance, Characteristics, Contents, and Example
Audit working papers are essential records of evidence supporting auditing, ensuring adherence to relevant standards.
Ethics: Meaning, Types, Need for Ethics, Ethical Dilemma
Understand ethics: its meaning, importance, and ethical dilemmas. Unveil the framework for making ethical choices and resolving moral conflicts effectively.
Audit Program: Meaning, Objectives, Contents, Advantages, Disadvantages
An audit program is a set of policies and procedures to perform and verify the auditing work to evaluate a business’s financial statements.
Management Assertions in Auditing
Learn Management Assertions in Auditing. Explore classifications, transaction-level assertions, and the role of auditors in financial verification.
Audit Planning: Meaning, Process, Activities
An audit plan is a detailed strategy that sets the nature, timing, scope, and boundaries for the auditor to carry out the entire audit procedure.
Audit Evidence: Ways of Collecting Audit Evidence
Audit evidence is all the information collected and used by the auditor in the audit to arrive at a conclusion and provide an audit opinion.
Audit Procedures: Definition, Types of Audit Procedures
Audit procedures are the auditor’s methods or techniques to observe, gather, evaluate and verify the audit evidence for the audit.
Post Audit Responsibilities: Events after Audit Reporting Period
Two types of events after the end of the reporting period in an audit are; adjusting events, and non-adjusting events.