The process of preparation for audit depends on the kind of audit to be performed, it's objective and scope. The scope of the audit is key to the planning process. The planning required or statutory audit is different from internal audit; it also differs from forensic audit?
Do you mean "scope of the audit"?? If so, the scope of the audit is the objective...what are you trying to verify? It could be a restricted scope in that you are looking at only a few specific items or full scope where you look at everything from cradle to grave, including all incomes and expenses.
this indicates that the audit will be conducted in accordance with the international auditing standards.
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A synonym is "inspection".......
The process of preparation for audit depends on the kind of audit to be performed, it's objective and scope. The scope of the audit is key to the planning process. The planning required or statutory audit is different from internal audit; it also differs from forensic audit?
Do you mean "scope of the audit"?? If so, the scope of the audit is the objective...what are you trying to verify? It could be a restricted scope in that you are looking at only a few specific items or full scope where you look at everything from cradle to grave, including all incomes and expenses.
this indicates that the audit will be conducted in accordance with the international auditing standards.
this indicates that the audit will be conducted in accordance with the international auditing standards.
It is established by determining the boundaries for the engagement and should reflect the audit objectives
Special audit is that audit which is conducted for specific agenda or scope or for any special reason other than normal statutary audit which is to find out about the true and fair nature of financial statements.
Special audit is that audit which is conducted for specific agenda or scope or for any special reason other than normal statutary audit which is to find out about the true and fair nature of financial statements.
Explain the nature & scope of business economics.
It depends. In some cases, scope limitations can be "worked around" and a different audit procedure can accomplish the same objective. When that happens, there is no affect on the type of audit opinion. In other cases, the scope limitation will relate to an area that is not material to the financial statements. Again, no affect on the opinion. However - some scope limitations can prevent the auditor from gaining audit evidence to support an unqualified (clean) opinion. If that happens in a significant area, the audit opinion may have to be a "disclaimer." This is determined by the auditor in the specific situation.
The word 'audit' is both a verb and a noun.The noun 'audit' is a word for a thorough examination or evaluation of something; a word for a thing.The noun forms of the verb to audit are auditor and the gerund, auditing.
various types of audit
In anatomy 'audit' is of the ear/hearing; in latin.