Tagged: Sufficient and Appropriate Audit Evidence

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Are you taking stock……..??contd

2.) If inventory count is held at a date other than Balance Sheet Date:       Verify that the movement in inventory in the intervening period between the Balance Sheet date and the date on...

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Are you taking stock……..??

Vijay’s friend put forth a case study in front of Vijay. “Aaaaaa ltd is a leading manufacturer of dairy products in the country. It had parlours all over the country but only a single...

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Did you gather it right (contd)…….??

2.) Sufficiency of Audit Evidence refers to the quantum of audit evidence required to satisfy the auditor of the existence of  insignificant (or zero) level of  risk of material mis-statement. It is  influenced by...

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Did you gather it right ……..??

Having gained an overview of what audit was Vijay started for work. Before he could start his work his senior came to him and asked him what all evidences he had planned to gather...