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How applied the audit procedure in PIA?
audit procedure we mean that those petren in which we prepare the audit report.
What is Final Audit?
Final audit is conducted by the statutory auditors after the close of the financial period with a view to prepare the financial statements & audit report to be presented to the Board of Directors and to be filed with statutory authorities.
Differentiate between an unqualified and a qualified audit report?
Type your answer here... An audit report is said to be unqualified,when it is a clean report. Thus the auditor after examination of the organisation its record and financial statement comes to a conclsion that the financial statement reflects the true financial position of the business thats the financial statement have been prepard in accordance with the acceptable accounting principles. Qualified audit report on the other hand is a negative report which shows that the financial statement have not be prepare in accordance with acceptable accounting principles and the opinion of true and fare is not certain.
What is unqualified audit report?
While the word 'unqualified' may seem to have a negative spin on it, it is actually the best type of audit report a company can receive. Once an audit is complete, the audit partner will produce a report the the owners if the company giving his/her opinion on the accounts. An unqualified report will say that there are no material misstatements and the accounts seem to be true and fair. If there are issues with the accounts that the auditor needs to bring to the attention if the company owners, he/she will produce a modified (qualified) audit report instead.
How do I prepare an audit programme for the legal department of a company?
The audit programme should focus on three parts including the terms of reference, methodology and report. Ideally, it should be done basing on your experience in the field.
How do you prepare an audit plan?
audit plan is the most important part of audit. the auditor should arrange the activity done in audit.
Why prepare audit planning memorandum?
to\\To document what is to be done during the course of audit proper
What is the full form of lfar in bank audit?
Long Form Audit Report
Features of a good audit report?
A good audit report is usually detailed. It covers all the areas of a given company. It also points out some of the flaws in its report.
Sample of Tax Audit Report and how to write?
A tax audit report summarizes the results of an IRS tax audit. In order to writer an audit, you must thoroughly analyze an individual's tax records and write our their findings and suggested actions.
What is qualified audit report?
Qualified audit report means that financial statement of business donot represent the true and fair activities of business
What is an unqualified report?
unqualified report is that Audit report in which Audit opinion specify that according to according to rules and regulation the firms financial statement portray true and fair view.
