What is forensic audit? The integration of forensic, accounting, legal, procedural and financial expertise for the fight against fraud. The global scourge of fraud, every day is becoming a phenomenon of multiple changes and constantly evolving, optimizing its ability to adapt to all types of control systems that are in
Audit Procedures; To an auditor, internal audit procedures are the working tools used and applied for identification and examination of that evidence which have been traced by audit techniques. A comprehensive catalog of audit procedures is not easy to prepare. Judgment, with a range of experience, remains the basis for the
Auditor Definition? The division of labour has become possible due to the industrial revolution. The large-scale companies were formed to do business. The capital was collected from the general public through sate of shares. The shareholders were not professional managers. The need of professional management was felt to run the
What is Verification? Verification is concerned with testing the truth, Audit is incomplete without verification, An auditor can check that items appearing in the balance sheet are correct. There are many techniques that can help the auditor to verify assets and liabilities. The assets are purchased to run a business
What is Ledgers? Ledger is a book or place where classified, a record is maintained, The transactions relating to an account are posted from journals. When business is small one ledger is sufficient to keep a record of personal and impersonal accounts. Personal accounts relate to debtors and creditors. The'