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Audit - 3. page

Essentials of good audit evidence:

Essentials of good audit evidence: (a) Sufficient: The audit evidence are said to be sufficient when they are in adequate quantity. The audit  evidence enables the auditor to form an […]

AUDIT EVIDENCE

AUDIT EVIDENCE : The auditor has to obtain sufficient and appropriate evidence to substantiate his opinion on the financial statements. The audit evidence provides grounds for believing that a particular […]

REMEDY OF DISADVANTAGES

REMEDY OF DISADVANTAGES 1. The remedy in such situations is that audit programme should be flexible it must be always open to changes and improvements. 2. The audit staff should […]

DISADVANTAGES OF AUDIT PROGRAMME

DISADVANTAGES OF AUDIT PROGRAMME 1. Rigidity: Audit programme loses its flexibility as it can not be same for different types of organisation. Each business has separate problems. So a single/same […]

ADVANTAGES OF AUDIT PROGRAMME

ADVANTAGES OF AUDIT PROGRAMME 1. It helps in ensuring that all important areas are appropriately covered during audit. 2. It helps in distributing the work among the assistants in accordance […]

AUDIT PROGRAMME

AUDIT PROGRAMME An audit programme is a set of instructions which are to be followed for proper execution of audit. After the development of audit plan a detailed written audit […]

AUDIT PLAN

AUDIT PLAN : An audit plan lays out the strategies to be followed to conduct an audit. It includes the nature, timing and extent of audit procedures to be performed […]

Efficiency Audit

Efficiency Audit In essence, efficiency indicates how well an organization uses its resources to produce goods and services. It focuses on resources (inputs), goods and services (outputs), and the rate […]

Propriety Audit

Propriety Audit : Kohler has defined propriety as that which meets the test of public interest, commonly accepted customs and standard of conduct and particularly as applied to professional performance, […]