Differentiate between authoritative and ordinary externally produced documents.
Answer to relevant QuestionsWhat is meant by each: vouching, tracing, and scanning?What are some of the methods and sources of information the auditor can use to understand an auditee’s business? What information would you expect to find in a permanent audit file and how would auditors use this information? In auditors’ experience, is there any pattern in finding overstatements and understatements in accounts? Generally accepted standards of audit field work require that auditors obtain sufficient appropriate evidential matter to afford a reasonable basis for an opinion regarding the financial statements under examination. In ...
Post your question