Fund Flow Statement
What is Fund Flow Statement? The funds-flow-statement is a report on financial operations changes, flow or movements during the period. It is a statement which…
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27/07/2020
Audit Report
These reports form the medium of communication of the auditor's views to the members of the company. Contents of Audit Report The basic contents of…
26/07/2020
Valuation of Assets
Valuation is not merely the determination of values of the assets as appearing in the balance sheet but it also the critical examination of these…
25/07/2020
Auditor: Power, Right, Duties, Responsibilities, Scope
Rights & Powers of Auditor Right of access to Books of account & Vouchers [Sec. 143(1)]Right to obtain information & explanation [Sec. 143(1)]Right to visit…
24/07/2020
Auditor
What is Auditor? An auditor is a person or a firm appointed by a company to execute an audit. To act as an auditor, a…
23/07/2020
Fraud
What is Fraud? According to SA 240 "The fraud refers to intentional misrepresentations regarding financial information by one or more individuals among management, employees or…
22/07/2020
Ratio Analysis
What is Ratio Analysis? Ratio analysis refers to the study of various financial ratios to evaluate the performance of the firm. The utility of ratio…
21/07/2020
Internal Audit
What is Internal Audit? Internal audit is the review of the various operations of the company & of its records by staff specially appointed for…
20/07/2020
Audit Working Papers
What is Working Papers? SA 230 on "Documentation" refers to working papers prepared or obtained by the auditor & retained by him in connection with…
19/07/2020
Internal Control
What is Internal Control? The plan of organization and all the methods & procedures adopted by the management of an entity to assist in achieving…
18/07/2020