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Audit

Summary of SA 570 – Going Concern

Summary of SA 570             Going Concern   Going concern An accounting assumption on which the financial statements of an entity are prepared that the business will go forever & forever. […]

SA 580 – Written Representations

Summary of SA 580 Written Representations Meaning A written statement Who obtains the written representation? Auditor From whom Management or; TCWG, where applicable Purpose To confirm certain matters or; To […]

Summary of SA 230 – AUDIT DOCUMENTATION

Summary of SA 230 AUDIT DOCUMENTATION Audit documentation Records of v  Audit procedures performed, v  Relevant audit evidences obtained,& v  Conclusions the Auditor reached. Who prepare the Audit Documentation? Auditor […]

What is meant by audit of books of account?

Auditing means checking the correctness and genuineness of your accounts and verifying whether accounting principles and standards have been properly followed in conduct of your business and preparation of accounts. […]