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Audit independence means that audit department is completely independant from the mangement of business and there is no interfarence or reliance of audit department on owners of business.
"CONTINUOUS AUDIT" is essential to a bank so as to maintain a correct flow of amount in both in and out flow.
Yes because audit means protecting the business (lawyers) if a customer wants to sue the business
Qualified audit report means that financial statement of business donot represent the true and fair activities of business
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.
audit which type of bussness class is it applicable answer
How would you save against disadvantages of continuous Audit Compare between Continuous Audit and Periodical Audit?
The main difference in a continuous audit and a periodical audit is the amount of time an audit is done. A continuous audit is done many times throughout the year and a periodical is performed once a year. A continuous audit is also expensive because of the amount of time spent doing it.
Audit independence means that audit department is completely independant from the mangement of business and there is no interfarence or reliance of audit department on owners of business.
An audit engagement is when an auditor is performing an audit on a business. They are looking at all their books to make sure the business is recording their finances correctly.
"CONTINUOUS AUDIT" is essential to a bank so as to maintain a correct flow of amount in both in and out flow.
The audit conducted at the business was comprehensive. In the sentence, comprehensive means that the audit encompassed all aspects of an audit.
Yes because audit means protecting the business (lawyers) if a customer wants to sue the business
Qualified audit report means that financial statement of business donot represent the true and fair activities of business
Audit is a practice to find out that does financial statements of business are prepared according to standards and policies and whether it presents the true and fair business activities or not.
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.
Purpose of investigation audit is to find out the evidance of the specific agenda for which investigative audit is conducted while conventional audit objective is to find out that financial statements represents the true and nature of business or not.