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

Content of permanent audit file

Permanent audit file contain documents to be used by auditors throughout their professional association with the client. It’s supposed to contain content permanent in nature … Read more

What is bank confirmation?

Getting bank confirmation is one of the most important audit procedures. Auditors tend to confirm the balance directly from the bank. They use a specific … Read more