Audit Investments Overview As auditors, we usually audit investments that the client has on their financial statements by testing various ...
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Tracing Audit Overview Tracing is an audit procedure of inspecting source documents to the accounting records in order to ensure ...
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Search for Unrecorded Liabilities Overview Search for unrecorded liabilities is the audit test that auditors perform to verify if the ...
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Negative Price to Earning Ratio Price to earnings ratio is the financial ratio that measures company’s share price to its ...
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Gross Profit Margin Gross Profit Margin is the profitability ratio measure by the percentage of gross profit over revenue. Gross ...
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Accounting for Construction Contract Construction contract is the specific contract in which suppliers agree to construct an asset or a ...
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Agreed Upon Procedures Overview Agreed-upon procedures engagement is a type of engagement which auditor performs certain procedures that are agreed ...
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Review Engagement Overview Review engagement is the type of assurance engagement that auditors or professional accountants give a negative or ...
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Risk of Material Misstatement Overview Risk of material misstatement is the risk that financial statements contain material misstatement but the ...
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Activity Method Depreciation Activity Method Depreciation, also known as a unit of activity depreciation or activity-based depreciation, is the depreciation ...
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Non-Controlling Interest (NCI) Non-controlling interest is the shares ownership which is less than 50% and has less control or influence ...
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4 Types of Audit Report Overview Audit report is the report that auditors express an opinion on financial statements whether ...
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