Techniques of audit
Write down the techniques which are used throughout an audit?
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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.
Briefly explain the term vouching ?
Elucidate the difference between statutory audit and internal audit?
Elucidate how to do an internal audit successful?
Write all the Steps for making provision for doubtful debts account?
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How Does an Internal Audit vary From an External Audit?
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The length of the writing / reportmust not exceed 1000 words. Words in Bibliography or Reference Lists section are not included in the word count. 3 marks will be given for the contents (sources and understanding of industry and able to link audit objectives with findings); 1 mark will be given ba
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