Auditing ppt

  • How do you audit?

    The 14 Steps of Performing an Audit

    1Receive vague audit assignment.
    2) Gather information about audit subject.
    3) Determine audit criteria.
    4) Break the universe into pieces.
    5) Identify inherent risks.
    6) Refine audit objective and sub-objectives.
    7) Identify controls and assess control risk.
    8) Choose methodologies..

  • What are the 5 audit activities?

    What happens during an audit? Internal audit conducts assurance audits through a five-phase process which includes selection, planning, conducting fieldwork, reporting results, and following up on corrective action plans..

  • What are the types of auditing in PPT?

    There are various types of Audit which are mentioned below: - Based on Organizational Structure Statutory Audit Non-Statutory Audit Based on Scope Complete Audit Partial Audit Based On Time Continuous Audit Final Audit Interim Audit Based on Object Special Audit Cost Audit Management Audit Internal Audit Social Audit .

  • What is auditing in PPT?

    auditing is an examination of accounting records undertaken with a view to establish whether they correctly and completely reflect the transactions to which they relate.
    Read more..

  • Which type of audit is best?

    External Audits
    An unqualified, or clean, auditor's opinion provides financial statement users with confidence that the financials are both accurate and complete.
    External audits, therefore, allow stakeholders to make better, more informed decisions related to the company being audited..

  • Why is audit presentation important?

    It provides an assessment of the institution's IT systems and identifies any vulnerabilities, system weaknesses, or compliance issues that may exist.
    The presentation of this report is an important step in the audit process, and it is critical to present the findings and recommendations in a clear and effective manner..

  • Why is auditing important in Slideshare?

    The audit of accounts by a qualified auditor also help the management to understand the financial position of the business and also it will help the management to take decision on various matters like report in internal control system of the organization or setting up of an internal audit department etc..

  • They are as follows: • Checking arithmetical accuracy of books of accounts, verifying posting, costing, balancing etc.
    Verifying the authenticity and validity of transactions.
    Checking the proper distinction of capital and revenue nature of transactions.
    Confirming the existence and value of assets and liabilities.
  • To be considered for this qualification, applicants must have an Admission Point Score (APS) of at least 22 or at least 24 (with Mathematical Literacy).
    Life Orientation is excluded for APS calculation.
3.
Audits are performed to ascertain the validity and reliability of information; also to provide an assessment of a system's internal control.
The goal of an  ,Mar 23, 2015Audit Programme: Concept, Types, Functions, Advantages & DisadvantagesJagriti Gupta.
18.8K views•13 slides.
Internal check audit (ppt)  ,Mar 23, 2015Expertise Accountant is expected to be familiar with audit techniques and procedures.
Auditor is one who has the expertise to apply not only  ,Audits are performed to ascertain the validity and reliability of information; also to provide an assessment of a system's internal control.
The goal of an  ,In the audit engagement acceptance or reappointment stage, audit evidence is the information that the auditor is to consider for the appointment.
For 

What are the basic principles of auditing?

The Basics Principles of Auditing • Audit Scope • Extent and boundaries of an audit Note: The audit scope generally includes a description of the physical locations, organizational units, activities and processes, as well as the time period covered

• Audit Criteria • Audit criteria are used as a reference against which audit evidence is measured

What is a financial audit?

An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements

An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation

What is the objective of auditing?

The objective of auditing is to ensure that the books of accounts are properly kept by the organization in conformity with the generally accepted accounting principles (GAAP)


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