The various duties of the auditor in auditing of fixed assets are given below. While verifying the fixed assets, the auditor has to examine the records and details
An investigation is a thorough and in-depth examination of specific areas either to establish a fact or to evaluate a specific situation. It differs a lot from Audit,
Techniques of Auditing Audit techniques stand for the methods that are adopted by an auditor to obtain evidence. SAP5 describes various techniques of auditing to be applied by
What are General Reserves? Retention of profit with no specific purpose may be utilized by the company for many purposes. The Board of Directors decides upon the percentage
Criminal Liabilities of an Auditor under Companies Act The following are the criminal liabilities of an auditor under companies act 1. For False Records Section 539 of Companies
Role of An auditor in verification of documents in audit of debentures The following are some of the roles of auditors in document verification pertaining to audit of
Civil Liabilities of an auditor Civil liabilities of an auditor are briefly explained under the following topics Liability for Negligence. Liability under Companies Act. Liability under Consumer Protection
Advantages or merits of Computerized accounts to Auditors 1. The operating system does all the complex and tedious tasks and the auditor’s job is made easier. 2. It
The auditor shall verify the bank balances as follows: Role of Auditor in verification of Bank Balance 1. The entries in the Cash Book and Pass book are
The Companies Act ensures that the independence of the auditor is safeguarded always. Therefore, provisions relating to removal of auditors are very stringent. Removal of Auditor before the