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after the year en, statutory audit carried out to provide shareholders with reasonable assurance regarding the entity's performance (e.g. true and fair view)
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What color pen should used by an external auditor in a company while auditing?
red
What does an external auditor do?
An external auditor as opposed to an internal auditor, means the person that is auditing a company is not employed by that company. A business will employ an auditing firm to assess it's business financials and practices, ensuring it is operating in a legal and ethical manner.
What color pen should used by an internal auditor in a company while auditing?
green colour
What are the procedures of auditing of salaries and wages?
The procedures for auditing salaries and wages include comparing how much each person makes with the amount of work they complete. Adjustments are made based on their overall performance and their benefit to the company.
Who chooses the independent auditing firm?
A company chooses who their independent auditing firm will be.Any and all businesses, companies and organizations have the right to hire any auditing firm that they are going to pay to perform annual or special audits. (If a third party is mandating and paying for the audit due to an acquisition, merger, or a court order, then the third party will hire and pay an auditing firm of their choice.)The word independent means the auditing firm can not be related to the entity it is auditing. The auditing firm can not audit itself, a subsidiary of itself, a brother/sister organization, or its parent company.Also, there can not be any conflict of interest. An employee for the auditing firm can not be on the team who audits a business that employs one of his/her immediate family, partners, or an organization in which he/she or his/her immediate family or partners has a material financial interest in, or has any arrangements concerning prospective employment with.If all of the above hold true, you have an independent auditing firm.
What is the meaning of physical existence in auditing?
its means to become fit.
How do you control a company?
by auditing of procedures , operation and results we can control a company
What is the cost of compliance auditing for retail company?
The cost may varies according to the company that provides the compliance auditing. Why don't you google it first and then compare it which are the best price for you
What color pen should used by an external auditor in a company while auditing?
red
What does an external auditor do?
An external auditor as opposed to an internal auditor, means the person that is auditing a company is not employed by that company. A business will employ an auditing firm to assess it's business financials and practices, ensuring it is operating in a legal and ethical manner.
What is the definition of government auditing?
Government Auditing is the systematic and professional examination of financial, administrative and other operations of a public entity, Government Company and/or a government program by Government Auditors.
How does your role fit into your organisation's structure?
it is basically asking you what you do at the company you are working for and what you do helps that company so for me i am an admin and i answer the phones and deal with enquries and send emails this fits in to there structure as i take the calls from people that are intrested in properties and then send them the information on that property
What is a business module and company structure?
Business module - can be related to theories in Business. They are set guidelines for you to understand a business scenario you are in. Depending on the situation, certain modules can be stated as tactics that are used in the Business world to overcome certain challenges a company faces.Company structure - are forms of how a company is assembled internally. This usually relates to as the operations of how a company runs. Depending on company size and targeted markets, the structure of a company will change accordingly to fit the needs of the company's maximum operations.
An auditor maintains no direct financial interest in the company he or she is auditing what is the principle being followed is?
Independence
What color pen should used by an internal auditor in a company while auditing?
green colour
How can you use statics in accounting?
Statistics are used in auditing. Auditing a large company with millions of transactions would be impossible. So auditors pull a statistical sample to determine if accounting records are correct.
Explain the organisational structure in your lastcompany and how you fitted into it?
You can talk about the layers of jobs and positions in your company. You could talk about how you fit in the middle range and how you are looking for a promotion.
