Section 162(1) of the Companies Act stipulates the statements that should be expressly stated in the auditor‘s report. These are; Whether the auditor has obtained all the information and explanation which to the best of his knowledge and belief were Read More …
Day: March 20, 2022
Reporting unethical behaviour-the report contains
An appropriate declaration that the expert understands his duty to the court and has complied with that duty. A statement of truth relevant curriculum vitae detailing qualifications and experience appropriate to the opinion expressed The substance of all material instructions Read More …
Forensic audit
This is the process of gathering , analysing and reporting on data, in a pre-defined context for the purpose of finding facts and/or evidence in the context of financial /legal disputes /or irregularities and giving preventive advice in this area. Read More …
Compilation engagement
The objective of compilations is to collect, summarize and classify financial information i.e. using accounting rather than auditing expertise into understandable form e.g. financial statements. In a compilation engagement, the accountant is engaged to use accounting expertise as opposed to Read More …
The engagement letter
We have established that the directors and auditors of a limited company have very precise legal duties, we are also aware that modern accountancy firms thrive on their ability to provide a wide range of professional services in addition to Read More …
Procurement audit engagement
A procurement audit is the independent examination of, and expression of opinion on, the procurement records of an enterprise by an appointed auditor in pursuance of that appointment and in compliance with any relevant statutory obligation: If we take the Read More …
