Audit procedures
Audit procedures are different activities performed by
the auditor for obtaining audit evidence during the course of audit.
Types
of Audit Procedures
Audit procedure includes inspection, observation, and
confirmation from third party, re calculation, re-performance, and analytical
procedures.
Use
of Audit Procedures
Audit procedure are used in following manner for
obtaining the audit evidence
·
Risk assessment of material misstatement
· Testing the effectiveness of control (Test of Control)
· Testing the transaction in details ( Test
of details)
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