Auditing chapter 1 ppt

What is auditing 1?

Here are the general steps involved in conducting an audit:

What is auditing in PPT?

Auditing typically refers to financial statement audits or an objective examination and evaluation of a company's financial statements – usually performed by an external third party.
Audits can be performed by internal parties and a government entity, such as the Internal Revenue Service (IRS)..

What will you do first during audit?

Stages of an Audit
The first stage is the planning stage.
In this stage, a corporation engages with the auditing firm to establish details, such as the level of engagement, procedures, and objectives.
The second stage is the internal controls stage..

When should you start auditing?

Auditing typically refers to financial statement audits or an objective examination and evaluation of a company's financial statements – usually performed by an external third party.
Audits can be performed by internal parties and a government entity, such as the Internal Revenue Service (IRS)..

Where do I start an audit?

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.
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