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Why do we use Audit?

access_time 1683789000000 face Wasiur
Why do we use Audit? Purpose of Audits An audit is a process of examining an organization's financial statements and records to ensure that they are accurate, complete, and reliable. It involves evaluating an organization's financial reporting, internal controls, and operational processes to identif...
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How to audit revenue in Statutory Audit?

access_time 2023-01-28T18:53:12.637Z face Tushar Makkar
How to audit revenue in Statutory Audit? An audit of revenue typically involves the examination of a company's financial records to ensure that the revenue reported on the company's financial statements is accurate and in compliance with generally accepted accounting principles (GAAP). The process t...
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What is sample and process to calculate the number of samples in audit ?

access_time 2023-01-28T18:35:37.549Z face Tushar Makkar
What is sample and process to calculate the number of samples in audit ? The sample size in an audit refers to the number of items or transactions that are selected from the population for examination. The process for determining the sample size typically involves the following steps: Define the pop...
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What is materiality and steps in calculation and use of materiality?

access_time 2023-01-28T18:20:55.151Z face Tushar Makkar
What is materiality and steps in calculation and use of materiality? Materiality refers to the threshold or cutoff point at which an item or issue becomes significant enough to warrant attention from the auditor or financial statement preparer. In other words, it is the level of significance at whic...
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What is excel and excel basic features?

access_time 2023-01-28T18:08:57.715Z face Tushar Makkar
What is excel and excel basic features? Excel is a powerful tool for organizing, analyzing, and visualizing data. Here are some basic features and functions that can be used to effectively utilize Excel: Navigating the Excel interface: The Excel interface consists of the ribbon, which contains the m...
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