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What is the advantage of interim audit?
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.
Does an independent CPA audit Wal-mart's financial statements?
who audited walmarts finacial statements
A reason for being late that beginnings with the letter a?
Aunt diedAccidentAbductionate lateabandon
What does the IRS allow as an acceptable percentage of total income as a deduction for meals and entertainment for a broker?
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.
What do a tattoo license look like?
It looks like a certificate. Basically, you need to have a license from the health department that your facility is safe and passed inspection. They are usually required to audit the safety of the shop every 2 years. A lot like the food safety ones at restaurants.
An audit of historical financial statements most commonly includes the?
Balance Sheet , Income Statement and Statement of Cash Flow.
Who is the audit firm for Walmart?
Ernst & young
How Does One Audit A Large Inventory?
YOU WOULD HAVE 2 HAVE ONE OF THE LARGEST BRAINS IN THE WORLD
What is the difference between investigation audit and conventional audit in financial statement audit?
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.
What is the meaning of financial statement level risk?
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.
Is provision for audit fees a balance sheet account?
yes,
What is qualified audit report?
Qualified audit report means that financial statement of business donot represent the true and fair activities of business
The purpose of an audit is to?
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.
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 is an unqualified report?
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.
What is unqualified report?
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.
Differentiate between an unqualified and a qualified audit report?
Type your answer here... An audit report is said to be unqualified,when it is a clean report. Thus the auditor after examination of the organisation its record and financial statement comes to a conclsion that the financial statement reflects the true financial position of the business thats the financial statement have been prepard in accordance with the acceptable accounting principles. Qualified audit report on the other hand is a negative report which shows that the financial statement have not be prepare in accordance with acceptable accounting principles and the opinion of true and fare is not certain.
