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In auditing, "cast" refers to the act of totaling or summing a set of numbers, typically found in financial statements or ledgers. Auditors cast accounts to ensure accuracy and consistency in financial reporting, checking that the totals match the individual line items. Discrepancies in casting can indicate errors or misstatements that require further investigation. Overall, casting is a critical step in verifying the integrity of financial data during an audit.
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Difference between audit plan and audit program?
an audit program may contain several audit plans
What are the advantages in having an audit committee?
the audit committee communicate with internal audit, external audit and CFO on behalf of the company.
Difference between cost audit and financial audit?
Cost audit is done to audit the cost elements of unit costs while in financial audit, audit of financial statements is done to find out information provided is true and fair or not.
When is audit programme compiled?
before the start of audit
What is an audit independence?
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.
What actors and actresses appeared in Audit - 2001?
The cast of Audit - 2001 includes: Alexis Arquette as Richard Judy Greer as Julie Leer Sally Kirkland as Raissa Brian To as Mr. Fallon
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
What actors and actresses appeared in The Audit - 2009?
The cast of The Audit - 2009 includes: Sonny Burnette as Derek Jacobson Clint Parks as Conrad Sebrina Scott as Courtney James Tackett as DHS Agent
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
What is the process of preparing an audit?
Forensic audits follow five key steps. First, planning establishes objectives, scope, and secures legal permissions. Second, evidence collection preserves physical and digital data (emails, ledgers, devices) while maintaining chain-of-custody. Third, data analysis uses specialized tools like ACL, or Tableau to trace transactions, detect duplicates, and identify patterns. Fourth, interviews with staff, vendors, and management to verify findings. Finally, a court-ready report documents the methodology, evidence, and recommendations. This approach helps make sure the findings are solid enough to hold up in court and clearly show whether any financial fraud or misconduct took place. If you are eager to gain more knowledge of audit, you can definitely have a check on CA Tushar Makkar's sessions on auditing and also how you can get placed in audit domain
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 audit committee?
Audit Committe enhance communication between Internal Audit, External Audit and CFO. Audit Committe assist directors to avoid litigatio risk.
What are the advantages in having an audit committee?
the audit committee communicate with internal audit, external audit and CFO on behalf of the company.
What is an audit. Types of audit?
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