Audit Program: Audit program is a list of work done by an auditor different author has defined as in different ways; Audit program definition Professor Meigs says that “Audit program is a detailed plan of audit work to be performed, specifying the procedure to be followed in verification of each item in the […]
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: Before the starting of audit of a business the auditor sent a letter to management for avoiding any misunderstanding in collection with […]
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 auditor to his client. A list of book in use, list of employees, their duties and internal control should be provided to […]
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 Audit 2. Interim Audit 3. Continuous Audit Types of Audits methodology will discuss one by one. 1. Final Audit: It is a types of Audits also known as periodic audit or complete […]
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 is commonly used by the auditors. The inspection of books and documents is made to verify the validity of data. […]
