audit procedures

What are the audit procedures?

Definition Auditors perform audit procedures to obtain sufficient and appropriate audit evidence on the identified risks. Generally, auditors understand business, assess the risk of material … Read more

audit scoping

What is audit scoping?

Definition Audit scoping refers to the process of setting extent, nature, and timing of audit procedures to be performed. The scope of auditing is dependent … Read more

What Is Operational Audit

An operational audit is conducted to evaluate the performance of a company’s operations. It includes both day-to-day activities and broader-scale activities. This type of audit … Read more

What is a Compliance Audit?

Definition A compliance audit is an assessment carried out, mostly by third party auditors, to examine the extent to which a company’s internal policies, procedures … Read more

What is audit materilaity

Definition Audit materiality means that any amount or information is material, if it has the ability to affect the decision of financial statement user. Types … Read more

External audit certifications

External audit certifications are considered to be fairly difficult. However, a promising Career can be expected once you have qualifications and reasonable experience. Here is … Read more

What is an external audit?

An external audit is a process of reviewing the financial record of the business. It’s a regulatory requirement and is conducted by a professional accountant. … Read more