Day: January 8, 2022

The auditor must arrange to plan his audit in some details. The plan will involve preparation of a memorandum showing the following aspects: The staff members who will do the audit work The outline of the audit work to be Read More …

The most important aspect is that before the start of the audit, the auditor must establish and discover as much as possible regarding the following: The present and the future trends and prospects regarding the industry into the client operates Read More …

The stages that are involved in a modern audit consist of the following:  Background research Audit plan preparation Review of the accounting system Review of internal control system Analytical review Preparation of the audit report These stages are explained here Read More …

Introduction An audit can be carried out on the enterprises both large and small, and both new and well established. The audit of smaller enterprises has special features. This chapter describes the stages involved in the audit of an established Read More …