Auditing

Audit Goodwill Overview In an audit, goodwill refers to the intangible non-current asset that arises in the business combination when ...
Read More

Substantive Audit Procedures Overview Substantive audit procedures are the audit processes or methods that auditors perform to detect material misstatement ...
Read More

Risk of Material Misstatement for Investments Overview Risk of material misstatement is a combination of inherent risk and control risk ...
Read More

Audit Retained Earnings and Dividends Overview As auditors, we usually examine all relevant transactions in the audit of retained earnings ...
Read More

Audit Investments Overview As auditors, we usually audit investments that the client has on their financial statements by testing various ...
Read More

Tracing Audit Overview Tracing is an audit procedure of inspecting source documents to the accounting records in order to ensure ...
Read More

Search for Unrecorded Liabilities Overview Search for unrecorded liabilities is the audit test that auditors perform to verify if the ...
Read More

Agreed Upon Procedures Overview Agreed-upon procedures engagement is a type of engagement which auditor performs certain procedures that are agreed ...
Read More

Review Engagement Overview Review engagement is the type of assurance engagement that auditors or professional accountants give a negative or ...
Read More

Risk of Material Misstatement Overview Risk of material misstatement is the risk that financial statements contain material misstatement but the ...
Read More