The audit notebook is a register maintained by the audit staff to record important points observed, errors, doubtful queries, explanations, and clarifications to be received from the clients.
Mostly the audit notebook contains information regarding day-to-day work performed by the audit staff on any particular date..
There are many types of audit including financial audit, operational audit, statutory audit, compliance audit and so on. current audit industry or practices..
Definition: Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions.
It is done to ascertain the accuracy of financial statements provided by the organisation..
Montgomery defined auditing as examination of the books and records of a business in order to ascertain or verify and report up on the facts regarding the financial operations and the results thereof." 1.
2) ORIGIN AND EVOLUTION.
The term audit is derived from the Latin word 'audire', which means to hear..
To become an auditor, you'll need at least an undergraduate degree in accounting.
Being proficient in the use of databases and spreadsheets can be helpful.
Those seeking this profession must also have good communication skills and a deep understanding of economics and finance..
An audit Note- Book is a book which is maintained by the audit staff during the. course of audit, to note the errors, difficulties, doubts and new points to be..
Examining books of accounts along with vouchers and documents to detect and prevent future errors/frauds is the main function of auditing.
It safeguards the financial interests of the company/firm..
“Auditing is the systematic examination of financial statements, records and related. operations to determine adherence to generally accepted accounting principles, management policies and stated requirement.” - R.E.Schlosser..
Montgomery defined auditing as examination of the books and records of a business in order to ascertain or verify and report up on the facts regarding the financial operations and the results thereof." 1.
2) ORIGIN AND EVOLUTION.
The term audit is derived from the Latin word 'audire', which means to hear..
Definition: Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions.
It is done to ascertain the accuracy of financial statements provided by the organisation..
An audit Note- Book is a book which is maintained by the audit staff during the. course of audit, to note the errors, difficulties, doubts and new points to be..
"Auditing is such an examination of the books, accounts and vouchers of a business's shall enable the auditor to satisfy himself whether or not the balance sheet is properly drawn up so as to exhibit a true and correct view of the state of affairs of the business according to his best of the information given to him .
These can be found on the SEC's Edgar database.
Look for the company's annual report which is called Form 10-K.
Within that report, the audit report is included under Item 8.
After locating the 10-K report "Edgar" provides options for viewing it as a document or interactively..
