Audit of Land and Building Assets like land, building, etc. can be divided into two categories such as Freehold Property, and Leasehold Property. We shall new discuss 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
Verification and Valuation of Liabilities and Guidelines for auditors Verification of liabilities is equally important as that of verification of assets. The Balance Sheet will reveal the true
Meaning of Vouching Vouching involves not only the substantiating the entry in the books of account with any documentary evidence like assessments, receipts, counterfoils of receipt book or
Audit of Shares issued for Consideration other than Cash Shares may be issued for consideration other than cash under the following circumstances: 1. Issue of Shares to Vendors:
Audit of Shares Issued for Cash The audit procedure in case of audit of shares issued for cash can be studied in three stages, as below: 1. Application
Procedure for conducting Investigation in Auditing The following procedure are followed while conducting Investigation in auditing. 1. Determination of Nature and Scope The instructions of the client regarding