What is the procedure of an audit?

What is the Procedure of an Audit? An audit aims to determine whether a company adheres to expected standards by objectively analyzing and examining its operations. Audits can have different purposes. Audits typically consist of several steps or phases to…

Audit Programme

Audit Programme An audit programme is a set of instructions which are to be followed by the auditor for the proper execution of an audit. After the audit plan has been developed, a detailed audit programme is formulated and written.…

Audit Committee

Audit Committees Audit Committee plays a critical role by ensuring the independence of an audit process. Auditing the operations of a modern corporation is an intricate and complex process that would require the understanding of the rules and judgements taken…

Audit Report Format – Qualified Opinion

Audit Report Format - Qualified Opinion Audit report is a document prepared by the Auditor of the Company who must be a practising Chartered Accountant. All companies registered in India are required to appoint an Auditor and get the accounts…

Audit Report Format – Unqualified Opinion

Audit Report Format - Unqualified Opinion Audit report is a document prepared by a Chartered Accountant appointed by the Board of Directors of the Company after examining the accounts and operational records of a company. All Companies registered in India…

Audit Report: Definition, Types, Format, & Sample

Audit Report:Definition, Types, Format, & Sample Audit of accounts is an independent verification of the correctness of the financial statements. The verification is performed by a Chartered Accountant. Audit of a company's accounts provides the shareholders and regulators with a…