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audit points - audit processkey audit points are as1 internal control particularly along with regard to computerisation and internal audit 2
specialized audit situationscompanies carry on thousands of different types of trade business or professional activities it is not possible in a
financial institutions and banks - audit situationsfinancial institutionsbecause of the recent collapse of many financial institutions this is still
important points about auditor - audit processthe points that should be noticed thati the auditor must forever date his audit report this date should
auditors procedures - audit processthe relevant authority on post balance sheet events is isa the preparation of loss and profit account and balance
post balance sheet eventspost balance sheet events occupy a very significant place in auditing and hence there is generally a program of work which
principles of auditors proceduresi the financial statements should be prepared on the source of conditions existing on the balance sheet dateii the
non-adjusting events - audit processnon-adjusting events are those that are indicative of conditions such arose than the balance sheet date as a
adjusting events - audit processadjusting events are those such give evidence of conditions such existed at the balance sheet date as the settlement
subsequent events - audit processias 10 events after the balance sheet date prescribes the accounting for and disclosure of events than the balance
audit reports - going concernin the vast widely of cases the going to relate assumption is suitable and whether applied no mention require be made in
auditors procedures - going concernin forming a thought on the going to relate position of a company the auditors have toa examine the company its
counter - indicationsthat the auditor has found indications of going related to non-applicability does not of itself justify instantly conclusion
indications of inapplicability of going concernunfortunately insolvency is a development industry as the economy suffers a down turn and consequently
auditors duty - audit processthe auditor has a responsibility to express a thought on the truth and fairness and compliance along with legislation of
going concern considerations - audit processias 1 presentation of financial statements knows the going related assumption as one of the fundamental
qualities for final accountsthe qualities needed of the final accounts the final accounts must possess specified qualities and these area utilize of
final review of the financial statementsthe work we have considered so far has shown which the auditor first gathers facts that the enterprise and
audit approach - audit of accounting estimatesthe accounting and auditing matters are mainly concerned along with recognizing the point in time at
presentation and disclosure - audit of accounting estimatesan enterprise should involve the following information relating to a discontinuing
discontinued operations - audit of accounting estimatesa discontinued operation is a component of an entity that either has been disposed of or is
assets held for sale - audit processa non-current asset or disposal collection is classified as held for sale whether its carrying amount will be
ifrs 5 non-current assetsifrs 5 non-current assets held for discontinued and sale operationsthe discontinuing operation is a component of an
audit of accounting estimatesan accounting estimate is described in isa 540 audit of accounting estimates as an estimation of the amount of an item
amounts derived from financial statementsplease note here the auditor is interested in preceding years evidence since1 the companies act states such