Look i'm an expert at buying clothes and being at the store but i hate boring stuff like this
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.
who audited walmarts finacial statements
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There is no accwptable percentage. You must be able to substantiate each amount...what triggers an audit...lord knows..probably not 1 thing...and of course many are entirely random.
Balance Sheet , Income Statement and Statement of Cash Flow.
Ernst & young
A financial statement audit typically includes the balance sheet, income statement, statement of cash flows, and statement of changes in equity. These statements provide a comprehensive view of an organization’s financial position, performance, and cash movements over a specific period. The auditor evaluates these statements to ensure they are accurate and in compliance with applicable accounting standards. The audit also often includes notes to the financial statements, which provide additional context and disclosures.
YOU WOULD HAVE 2 HAVE ONE OF THE LARGEST BRAINS IN THE WORLD
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.
Financial statement level risks are risks of materials misstatement of the financial statements. These are the same for both audit of financial statements and audit of internal control.
yes,
Qualified audit report means that financial statement of business donot represent the true and fair activities of business
An audit is used to determine the fairness of a financial statement. Audits should be performed by an independent organization that is separate from the owner of the corporation.
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.
unqualified report is that Audit report in which Audit opinion specify that according to according to rules and regulation the firms financial statement portray true and fair view.
unqualified report is that Audit report in which Audit opinion specify that according to according to rules and regulation the firms financial statement portray true and fair view.