Audits & Auditors
The best accounting firms in the Philippines, the "Big Five" auditing firms, are listed in this article. The top CPA firms and major accounting firms in the world have always been popular in the business...
This hub features 10 of the well - known accounting scandals in the world, scandals that led to permanent and lasting changes to the accounting world.
Merits of Continuous Audit and Demerits of Continuous Audit. Audits can be classified into two groups namely; periodical audit and continuous audit.
Vouching of cash transactions After preparing Audit note book, audit planning, auditing working papers, audit preparations etc., the next step is to proceed with the examination of accounting entries passed in the...
The word 'Audit' is originated from the Latin word 'audire' which means 'to hear'. In the earlier days, whenever there is suspected fraud in a business organization, the owner of the business would appoint a...
Tax busy season is the toughest three and a half months any accountants will face. Find out what the tax busy season entails for any accountant through this hub.
Preliminary steps before commencing a Company Audit; Verification of Appointment, Verification of Memorandum, Verification of Articles, Verification of Prospectus, etc.
For a better understanding we could classify the objective of audit as: 1. Primary Objectives 2. Secondary Objectives. Primary Objectives: To determine and judge the reliability of the financial statement...
Auditing is systematic examination of books and records of an organisation to confirm whether the prepared financial statements are giving true and fair view or not. Systematic investigation of books and records to...
The objectives of an audit may broadly be classified as 1. Primary Objectives 2. Secondary objectives. Primary Objectives: The main purpose of audit is to judge the reliability of the financial statements and the...
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