What is Audit Engagement Letter

Audit Engagement Letter is the letter which is sent by the auditor to his client (Business) for avoiding any misunderstanding in collection with the conduct of audit.What is Audit Engagement Letter:  ...

Preparation Before Commencement of Audit

Commencement of Audit         Commencement of audit  means that  when an organization is going to start final audit before commencement of audit the following instruction must be given by the...

What are the 3 Types of Audits

Types of Audits : There are many types of Audits but here we will discuss the basic three audit types are as follow: 1.   Final Audit2.   Interim Audit3.   Continuous AuditTypes of Audits methodology will discuss one by one.1.  ...
Audit Procedures and Techniques

Audit Procedures and Techniques

Audit Procedures and Techniques:Audit Procedures means the way of doing Audit, the techniques which use during the audit. Audit Procedures The Audit Procedures is operated by the following procedures. 1.  Record’s Examination:         This Audit procedure...

What is Audit Scope

Audit  Scope mean boundaries of Audit In-other words we can also say that the audit scope  means the circle in which the auditor audit the company and maintain relevant information needed for auditing.Audit Scope:  ...

Difference Between Accountant and Auditor

Difference between Accountant and Auditor:  Accountant:          An accountant is a person who has knowledge of accounting and maintains the books of accounts of a company; he may or may not be a chartered...

Qualities of a Good Auditor

Qualities of a Good Auditor: Qualities of a good Auditor can be judge by the following point and must possess the following Qualities.1.Master of the Auditing:        An auditor should have full control...