Auditing

4 Types of Audit Report Overview Audit report is the report that auditors express an opinion on financial statements whether ...

Risk of Material Misstatement for Inventory Overview Risk of material misstatement for inventory is the probability that there is a ...

Sufficient Appropriate Audit Evidence Overview Auditors have the responsibility to obtain sufficient appropriate audit evidence. In this case, we should ...

Deviation from Internal Control Deviation from internal control is the situation when company designs internal control but it cannot manage ...

3 Types of Audit Risk Audit risk is the risk that auditors give a clean opinion on financial statements that ...

Audit of Share Capital Overview In the audit of share capital, we usually test various audit assertions, such as existence, ...

Audit PPE (Property Plant and Equipment) Overview Property plant and equipment or PPE are usually material items on the balance ...

Going Concern Assumption Going concern assumption is the concept which the company expects to continue its operation within a specific ...

Negative Confirmation Introduction Negative confirmation is an audit procedure that we perform to confirm the client’s balances. Like positive confirmation, ...

Audit Process Introduction Audit process usually starts from the appointment of auditors until the issuance of the audit report as ...