--%>

Techniques of audit

Write down the techniques which are used throughout an audit?

E

Expert

Verified

i) Professional at every time. Stay away from being judgmental.

ii) Follow secure procedures, clean room procedures, and all further need procedures.

iii) Elucidate the reason of the audit to the auditees.

iv) Answer queries or discuss compliance problems brought to your concentration by auditees.

v) Be flexible - if you find a potential difficulty not in the scope of the audit - appraise the potential risks of the difficulty if left unaddressed.

vi) Promote honesty with the auditees.

   Related Questions in Auditing

  • Q : Bradmark From the case description and

    From the case description and the associated flowcharts, assess Bradmark’s internal controls over its expenditure cycle procedures.

  • Q : Audit committee A subgroup of the board

      A subgroup of the board of directors composed of directors who are independent of an organization and not employed by organization. The committee acts on behalf of the full board and all stockholders to check on management actions and it has responsibility for the soundness of the

  • Q : Explain the term vouching Briefly

    Briefly explain the term vouching ?

  • Q : What is Audit Management Audit

    Audit Management: It is a systematic assessment of processes and policies of an organization's management in the administration and the utilization of resources, tactical & strategic planning, and employee and organizational enhancement.

  • Q : Auditing around the computer Audit

      Audit procedures that ignore the actual computer processing part of business activities. A sample of input is tested and verified through standard audit technique, and the output is checked. Auditing around the computer assumes that if the output rights, then the processing is righ

  • Q : How to do an internal audit successful

    Elucidate how to do an internal audit successful?

  • Q : Audit A term usually referring to a

      A term usually referring to a financial audit is a set of procedures performed by accountants from a certified public accountant (CPA) firm. The procedures are designed to investigate and verify the accounting information that manage- ment puts in financial report. When the audit i

  • Q : Calculate the internal control audit

    Tell me that how we can calculate the internal control audit?

  • Q : Audit report A signed letter from the

      A signed letter from the auditor of a company, included in the annual report, that state whether or not the finan- cial statements fairly present the results of operations and the financial position of the company. An annual audit is required by the Exchange and Securities Commissi

  • Q : Marketing audit for goods and service

    Marketing audit for goods and service industry: This basic concept of marketing audit applies to both material goods and service industry. The marketing audit is a powerful tool with banking industry throughout world. Banking world to