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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.
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∙ 11y ago
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3 general types of quality audits?
3rd Party Audit - Independent Audit 2nd Party Audit- Customer Audit 1st Party Audit- Internal Audit
Why audit is conducted?
there are two types of audit, external and internal. Internal audit is necessary in any business enterprise in order to determine adherence to company policies and determine losses due to irrregularities by employees. External audit is likewise mandated for the final presentation of the financial condition and statement of earnings by the company for a certain particular period, either a calendar or fiscal year as mandated also by government regulatory agencies of a country.
What is the Difference between HR audit And Financial Audit?
Under HR Audit, audit of HR procedures and process is done while in financial audit, audit of finance related matters are done.
Differences between audit plan and audit program?
difference between audit program audit & note book
How would you save against disadvantages of continuous Audit Compare between Continuous Audit and Periodical Audit?
How would you save against disadvantages of continuous Audit Compare between Continuous Audit and Periodical Audit?
What is the definition of Final Audit?
The English phrase 'audit programme' means a listing of audit procedures to be performed in completing an auditUpon the architect's satisfactory final inspection and favorable review of the contractor's final payment request, the architect will issue a certificate indicating that the final payment is due....The Final Solution was the plan to rid of Euro
Classification by method of approach final or completed audit?
the complies that the audit is carried through to completion in one continuous., although it may be commenced before the end of the accounting period.
What is the advantage of interim audit?
An interim audit helps the auditor to be a step ahead for the final year end audit. It also helps smoothen out the company's financial reporting process through a review of the reporting process twice a year.
What piece of legislation passed in the early 21st century has affected audit committees?
U.S. Congress passed the Sarbanes-Oxley Act and the SEC adopted final rules amending the securities laws. Such actions have had an impact on audit committees.
What is the purpose of the night audit?
The night audit is essential to handling the closing or reconciling of hotel financial documents at night. They come in after hours, and they are the final step to making sure everything is correct before the hotel is open for operation in the daytime.
Differences between IS Audit nad Traditional Audit?
what is the differences between IS Audit and traditional Audit?
3 general types of quality audits?
3rd Party Audit - Independent Audit 2nd Party Audit- Customer Audit 1st Party Audit- Internal Audit
How does an audit manager write up a letter to the audit partner?
How do I write a audit letter about concerns on an audit
Why audit is conducted?
there are two types of audit, external and internal. Internal audit is necessary in any business enterprise in order to determine adherence to company policies and determine losses due to irrregularities by employees. External audit is likewise mandated for the final presentation of the financial condition and statement of earnings by the company for a certain particular period, either a calendar or fiscal year as mandated also by government regulatory agencies of a country.
What is the Difference between HR audit And Financial Audit?
Under HR Audit, audit of HR procedures and process is done while in financial audit, audit of finance related matters are done.
Differences between audit plan and audit program?
difference between audit program audit & note book
Difference between audit plan and audit program?
an audit program may contain several audit plans
