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Farid's blog about audit profession
Sunday, July 3, 2022
ISA (UK) 530: Audit Sampling
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Audit sampling is the practice of applying audit methods to a subset of the items in a population that are relevant to the audit so that a...
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Thursday, June 9, 2022
ISA (UK) 520: Analytical Procedures
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The term "analytical procedures" refers to financial data evaluations based on the examination of plausible links between financ...
Thursday, May 12, 2022
ISA (UK) 510: Initial Audit Engagements—Opening Balances
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The auditor's objective with respect to opening balances during an initial audit engagement is to obtain sufficient appropriate audit ...
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Thursday, April 21, 2022
ISA (UK) 505: External Confirmations
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The trustworthiness of audit evidence is influenced by its source and nature and is reliant on the unique conditions under which it is gat...
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Thursday, April 14, 2022
ISA (UK) 500: Audit Evidence
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The primary goal of an auditor's job in an audit engagement is to achieve reasonable assurance that the financial statements as a whol...
ISA (UK) 402: Audit Considerations Relating to an Entity Using a Service Organization
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When a user entity utilizes the services of one or more service organizations, this International Standard on Auditing (UK) (ISA (UK)) add...
Thursday, March 31, 2022
ISA (UK) 450: Evaluation of Misstatements Identified During the Audit
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A difference between the reported amount, classification, presentation, or disclosure of a financial statement item and the amount, classi...
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