What is establishment expenses? Establishment expenses refer to the costs incurred in setting up a new business or organization, such as legal fees, office equipment, furniture, and marketing
An Auditor should he prepare himself and proceed with audit is an important question to be examined by an auditor. How much time he should devote in auditing
What is Material Information? If an information given in the financial statements and other statements annexed thereof, influences the decisions taken by the user, such information is said
Documents to be Verified in Vouching of Directors Remuneration An auditor should verify the following documents while vouching directors remuneration. 1. The agreements with managing directors. 2. The
What is Efficiency Audit? Efficiency audit is much broader in its scope. The scholars express two distinct views on this subject. According to one school of thought, the
What is Test Checking? Test checking in Audit means checking a few transactions selected at random from a large number of transactions. It is also known as “Selective
Using Special Ticks in Auditing While auditing the books of accounts of a business, often auditor uses a variety of distinctive ticks or symbols to indicate that a particular
What is Management Audit? Management audit is a systematic evaluation of the functioning performance and effectiveness of management of an organization. It a thorough-going, critical and constructive review
Purchase returns Sometimes, goods purchased are returned back to the suppliers for various reasons such as goods are not as per sample, inferior quality of the goods, etc.
