there may be other skills that you have that are not included
Lack of follow through on the results
just a timepass
advatage and disadvantage pre and post audit
How would you save against disadvantages of continuous Audit Compare between Continuous Audit and Periodical Audit?
audit procedure we mean that those petren in which we prepare the audit 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.
audit cannot be an opinion only fact
Audit procedure is the process followed while auditing an entity which may include:Confirm the audit assignmentComplete appropriate planningExecute actual internal audit workDevelop a report
How would you save against disadvantages of continuous Audit Compare between Continuous Audit and Periodical Audit?
audit procedure we mean that those petren in which we prepare the audit report.
Long Form Audit Report
no answer
A good audit report is usually detailed. It covers all the areas of a given company. It also points out some of the flaws in its report.
A tax audit report summarizes the results of an IRS tax audit. In order to writer an audit, you must thoroughly analyze an individual's tax records and write our their findings and suggested actions.
Qualified audit report means that financial statement of business donot represent the true and fair activities of business
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.
While the word 'unqualified' may seem to have a negative spin on it, it is actually the best type of audit report a company can receive. Once an audit is complete, the audit partner will produce a report the the owners if the company giving his/her opinion on the accounts. An unqualified report will say that there are no material misstatements and the accounts seem to be true and fair. If there are issues with the accounts that the auditor needs to bring to the attention if the company owners, he/she will produce a modified (qualified) audit report instead.
An audit report may have severe consequences. An IRS audit for example may cause a person to have to pay back money they received as an error in reporting income.
An advantage to having an external audit is the fact that the audit will not be biased. A disadvantage to external audits is the process. It can be long and invasive.