Accounting and Finance taxcon

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Audit is an art and auditor is artist

As we all know that it is much important to maintain the credibility of Financial Statements, becuase the shareholders wish to know about the real financial position and financial performance of the respective entity.So in this case Audit is the tool which assures the shareholders or stakeholders about the accounts,books,statements and ancialliary documents with confidence.

Understand Audit in just 3 stages!

This platform is primarily designed for the support and aid of the students of Audit.We are affirmed to provide with quality education at your best ease and comfort specially for those business person who want revise their Auditing and other Assurance skills information.

Stage 1-Planning an Audit

Stage 1-Planning an Audit

The auditor shall institute an generally audit policy that sets the capacity, timing and ways of the audit.

Stage 2-Execution of Audit

Stage 2-Execution of Audit

Execution involves all the testing and obtaining evidence

Stage 3-Prepare Audit Report

Stage 3-Prepare Audit Report

Report Contents and Notes(introduction to auditing) and what is the purpose of an audit report

Let's begin the Audit journey!

Here you can learn all about the main commerce subject "Audit" and scope of auditor in industry.This platform will provide you the easiest three step understanding of Audit with its simple application guidance.

All about Auditing

What is the Auditing and Accounting

Accounting includes tracking, reporting, and analyzing financial transactions. It covers everything from the preparation of individual tax returns to the preparation of the financial statements of international organizations.

ISA 240 Response to Management Override Of Controls

The purpose of a legislative audit (an exterior audit) is to express a suggestion on the reality and fairness of the view obtainable by the financial declarations.

What Are the Audit Procedures to Verify the Fixed Assets?

1. Gain a list of all fixed benefits purchased through the period and agree with the set assets agenda and fixed benefits record (entirety and occurrence). 2. Check approval of the buy of fixed possessions.

Who are we?

Who are we?

Here you can learn all about the main commerce subject "Audit" and scope of auditor in industry.This platform will provide you the easiest three step understanding of Audit with its simple application guidance.

Audit and Account

The Preliminary engagement activities in Auditing

The reason and objective of preparing the audit are the same whether the audit is a first or recurring engagement.

Risk of material misstatement- ISA300 & ISA 320

Risk means prospect or chance of mistake or misstatement in financial declarations. To calculate the severity and its effect on the audited account we have two scales 1-Severity of risk(high/low) 2-Materiality

Audit strategy and planning

Preparing an audit plan is that the first stage within the conduct of an audit engagement. The plan sets. Out responds to three main queries (the “3Ws”)

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These Posts Helps you in Accounting and Auditing

These Posts Helps you in Accounting includes tracking, reporting, and analyzing financial transactions

Explain Internal Controls

Explain Internal Controls

Accepting Audit Engagement

Accepting Audit Engagement

Audit and Its Flow

Audit and Its Flow

Confirmations In Auditing

Confirmations In Auditing

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Financial statements of an entity 1
IT controls Examples 1
Subsequent-Events-1 (IAS-10) 1
Threats-to-the-Independence-of-Auditor 1
Types of analytical procedures 1
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