circularization of debtors
Accounting
auditors' approach to debtors to identify assetsthe sending of letters by a company's auditors to debtors in order to verify the existence and extent of the company's assets
What is Auditing practices and methodology of firms?"
The security auditing is usually handled by the professional auditing firms. Such firms usually hire professional accountants and auditors to help them with the same.
Government audit is process of auditing of government organization's account by government auditors. Government auditing is carried out to assess the performance of public accountability by government entities.
Management services
The nature of auditing is such that, the auditor will later on appear in his capacity as a critic of book-keepers work,may have a great morale effect and thus prevent a cashier or book-keeper from embezzling money.This morale effect has prevented theft in many cases and is a more powerful point in favour of auditing.
creditors' circulization
Database auditing involves observing a database so as to be aware of the actions of database users. Database administrators and consultants often set up auditing for security purposes.
What is Bank Circular is action
Debtors' circularization represents an external source of evidence provided in support of the assertion of existence and to lesser extent, valuation and completeness with respect to debtors. It's a verification procedure where by trade debtors are contacted directly by the auditors to confirm their balances. It has become so extensive that auditors have now developed a standard format for the purpose. The fundamental reason for the usage of theses circularization is that its reliable audit evidence coming from an independent source and it's in documentary form.
J. Donald Warren has written: 'Handbook of Accounting and Auditing' 'Continuous auditing' -- subject(s): Auditing, Internal, Internal Auditing
Vivian R. V. Cooper has written: 'Manual of auditing' -- subject(s): Auditing 'Student's manual of auditing' -- subject(s): Auditing
auditing is a review process,usually of accounting procedures
What is Auditing practices and methodology of firms?"
Auditing begins where Accountancy ends.
Central Auditing Organization was created in 1942.
enable login auditing
The Auditing Standards Board (ASB) of the AICPA issued ten new auditing standards in 1988.