Auditing

4 Types of Audit Report Overview Audit report is the report that auditors express an opinion on financial statements whether ...
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Risk of Material Misstatement for Inventory Overview Risk of material misstatement for inventory is the probability that there is a ...
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Sufficient Appropriate Audit Evidence Overview Auditors have the responsibility to obtain sufficient appropriate audit evidence. In this case, we should ...
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Deviation from Internal Control Deviation from internal control is the situation when company designs internal control but it cannot manage ...
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3 Types of Audit Risk Audit risk is the risk that auditors give a clean opinion on financial statements that ...
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Audit of Share Capital Overview In the audit of share capital, we usually test various audit assertions, such as existence, ...
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Audit PPE (Property Plant and Equipment) Overview Property plant and equipment or PPE are usually material items on the balance ...
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Going Concern Assumption Going concern assumption is the concept which the company expects to continue its operation within a specific ...
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Negative Confirmation Introduction Negative confirmation is an audit procedure that we perform to confirm the client’s balances. Like positive confirmation, ...
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Audit Process Introduction Audit process usually starts from the appointment of auditors until the issuance of the audit report as ...
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