I assume you mean "audit trail". An audit trail is any system set up to check who did what, and when.
Attention, interest, conviction, desire and close
3rd Party Audit - Independent Audit 2nd Party Audit- Customer Audit 1st Party Audit- Internal Audit
Under HR Audit, audit of HR procedures and process is done while in financial audit, audit of finance related matters are done.
difference between audit program audit & note book
How would you save against disadvantages of continuous Audit Compare between Continuous Audit and Periodical Audit?
audit is an evaluation of a person, organization, system, process, project or product .Audits are performed to ascertain the validity and reliability of information, and also provide an assessment of a system's internal control. The goal of an audit is to express an opinion on the person/organization/system etc. under evaluation based on work done on a test basis.Doing a trial process in audit to make it effective is audit trial.
On the trial balance, Sales Returns and Allowances is a liability. If items returned are sold later, they become assets under sales.
Net sales on an unadjusted trail balance can be calculated as taking the gross sales and subtracting the expenses related. Once the trial balance is adjusted, you will be able to calculate your true net sales.
No, Sales, as a Revenue Account of the Income Statement, is a temporary account, which should not appear on the post-closing trial balance.
sales
Neither. Sales will be listed as an income statement account on the firm's trial balance. Once the accounts are closed at year end, sales will be closed into Retained Earnings.
Extensive research has provided very little information as to where one can purchase audit software. Further research has found that there is a company called "Intelex" that provides audit software. One can apply for a free trial from their website. This company has provided audit software for companies such as Bell, GE and Volvo.
Mostly Analytical procedures are performed when verifying Sales / Revenue
It is an anual audit report the data or sales& purchase transfared from vat 100 &vat 120.
sales returns
1. As an audit trial for an entity that needs to be audited for whatever reason. 2. As an audit trial to substantiate tax deductions. 3. As proof of payment to a vendor who disputes receiving your payment.4. By a business owner as an internal control: to verify signatures on checks, to located transposed check amounts, etc.
credit credit credit