In this tutorial, we will learn about the definition, objective, functions, and steps of management audit through a goal and comprehensive examination of the organization structure, its components such as department, its plans and policies, methods of processor operation, and …
In this tutorial, we will learn about other forms of the audit through which the auditors have to certify the statement of accounts of the bank as at the closure of the financial year reveal an accurate and fair view …
In this tutorial, we will learn about audit program advantages and disadvantages is a set of instructions that are followed for the proper execution of the audit. A detailed written audit program contains the various steps and procedures required after …
In this tutorial, we will learn about the advantages of an audit report. It is a report prepared by the auditor covering its assets and liabilities to show its current financial position and future. It shows the accurate financial position …
In this tutorial, we will learn about types of audit the nature and scope of review due to various factors such as the size of the organization, strength of the internal control system, legal requirements, etc. The reports and statements …
In this tutorial, we will learn about propriety audit, which would mean whether the transactions are done in conformity with established rules, principles, and some established standards. “Kohler,” has defined propriety as that which meets the test of public interest commonly …
In this tutorial, we will learn about the cost audit program that should record in the audit manual, and the cost auditor should examine the following points. A Cost audit program is the detailed plan of auditing work to be …
In this tutorial, we will learn about the definition of cost audit means detailed checking of the costing system, technique, and accounts to verify their correctness and to ensure adherence to the objective of cost accounting. A cost audit represents …
In this tutorial, we will learn about the benefits of auditing. The main reason for setting up a business is to maximize profit for the shareholders, but problems often arise. An audit helps to identify weaknesses in the accounting systems …
In this tutorial, we will learn about audit evidence, and the essentials of good audit evidence provide grounds for believing that a particular thing is right or not by providing support for a fact or a point in question. Audit …
In this tutorial, we will learn about the disadvantages or demerits of auditing has to depend upon books of accounts and other records presented before him. He never thinks of the intentions of those who have prepared them. The auditor …
