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WHAT ARE AUDIT WORKING PAPERS? Definition of Audit Work Papers: Importance of Audit Working Papers: Classification of working papers: Working papers should be properly organised. All significant matters which require the exercise of judgement and analysis by the auditor should be included. The working papers collected or classified into two parts, a permanent and the … Read more
The statutory audit is a type of audit which is mandatory by the Companies Law. The main motive behind the statutory audit is to make sure that the financial statements presented by the company display a true and fair view of the company’s financial position.
WHAT IS AN INTERIM AUDIT? Objectives of Interim Audit: Advantages of Interim Audit: Disadvantages:
An audit program is the auditor’s plan of action in a written form or a document.
It is a sort of time table containing the sequence in which the auditor wants to verify the books of accounts of an entity and the time he or she allots to each operation.