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When conducting post-balance sheet event audits, auditors typically perform procedures such as reviewing subsequent transactions and events that may affect the financial statements, assessing their impact on the company's financial position, and ensuring proper disclosures are made in the notes. They may also examine board meeting minutes and legal correspondence to identify any significant events that occurred after the reporting period. Additionally, evaluating the appropriateness of management's subsequent event assessments is crucial to ensure compliance with relevant accounting standards.
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What does an audit trail check for?
What does an audit trail chck for
Why does an auditor have to be independent when they audit a company's records?
While conducting audits whether they are taxation audits or quality check, the independence of the elected agency ensures tranparency and more freedon from internal pressures , politics and corruption.
What is audit and the purpose of audit?
Audit is an evaluation of a certain thing or individual. This is to determine about the situation of the inventories, expenses and also to determine the check and balances.
Close check of a tax return?
Audit
How do you check on an audit?
To check on an audit, review the audit plan and scope to ensure all relevant areas are covered. Examine the audit findings and recommendations for clarity and relevance, and assess the evidence provided to support conclusions. Additionally, follow up on any outstanding issues or action items to ensure they are being addressed. Regular communication with the audit team can also provide updates on progress and findings.
What is the procedure of the checking the quality of the work in audit organization?
There is no single audit is performing in the company.Like there are many audits are conducted like, Quality control,Finance,Marketing,Production etc So the quality of the AUDIT can be judged through the Results it produced after the audit,and the quality of the Company who is conducting that audit. Through this you can check this out.
What are the contents of Audit Program?
contents of audit program are as, 1. a review of system of internal check. 2. audit of balance sheet. 3. audit of p&l a/c. 4. the details of various audit works to be performed and their classification. 5. preparation of audit report and co-ordination of all above mentioned items.
What does an audit trail check for?
What does an audit trail chck for
What is sales audit trial?
I assume you mean "audit trail". An audit trail is any system set up to check who did what, and when.
Why does an auditor have to be independent when they audit a company's records?
While conducting audits whether they are taxation audits or quality check, the independence of the elected agency ensures tranparency and more freedon from internal pressures , politics and corruption.
What is audit and the purpose of audit?
Audit is an evaluation of a certain thing or individual. This is to determine about the situation of the inventories, expenses and also to determine the check and balances.
Close check of a tax return?
Audit
Audit risk assessment and audit plan?
An audit is considered a risk assessment, therefore these terms are interchangeable. And audit plan can have various meanings, some consider this to be an annual audit plan which includes all the audits that will occur within a companies calendar year. Others consider this to be the plan for undertaking a specific audit. Its all in how you define the words, audit plan, audit schedule, audit check list.
Is it possible to determine the gender of a kitten by conducting a check?
Yes, it is possible to determine the gender of a kitten by conducting a physical check.
What is the difference between internal audit and interim audit?
Internal audit is the name of department who performs the audit while interim audit is the audit which other than statutary audit and it is perform during the fiscal year and it is performed to help the final audit procedures which is done after the completion of fiscal year.
What is the reason for conducting the romberg test?
The most common reason for conducting the Romberg Test is to determine of the proprioceptive impulses are being transmitted properly. They travel from the spinal cord to the brain.
What is the customer contact audit?
its a quality check for benefits of customers
