Αποτελέσματα Αναζήτησης
Chapter Preview. The purpose of this chapter is to provide an overview of audit and assurance services. We begin by defining assurance and audit engagements. We discuss the reasons why there is a demand for audit and assurance services.
The study identifies three pertinent areas in an audit procedure where statutory auditors depend upon other internal or external parties for developing audit plan or collecting audit evidences. They are, ‘using the work of internal auditors’, ‘external confirmations’ and ‘using the work of an auditor’s expert’.
Operational audit is often praised as a process which provides a company with objective opinions enabling it to generate quicker produc-tion or sales turnaround, better allocation of costs, improved control sys-tems, the location of areas of delay and an overall streamlined workflow.
Overview. Purpose of a financial statement audit. Companies produce financial statements that provide information about their financial position and performance. This information is used by a wide range of stakeholders (e.g., investors) in making economic decisions.
INTRODUCTION. 1.1. OBJECTIVE, USEFULNESS AND LIMITATIONS OF GENERAL PURPOSE FINANCIAL REPORTING. 1.2. INFORMATION ABOUT A REPORTING ENTITY’S ECONOMIC RESOURCES, CLAIMS AGAINST THE ENTITY AND CHANGES IN RESOURCES AND CLAIMS. Economic resources and claims. Changes in economic resources and claims. Financial performance reflected by accrual accounting
LEARNING OBJECTIVES. Upon completion of this chapter you will. 1-1 Understand why studying auditing can be valuable to you whether or not you plan to become an auditor, and why it is different from studying accounting.
The primary goal of auditing is to serve the company by providing an indepen-dent and objective evaluation of the organization’s adherence to operational, financial and compliance policies, guidelines and regulations. Likewise, audits are performed to protect the interests of third parties, such as investors and creditors. Auditing in General.
