What is Auditing?
I stipulation Complete proceedings on Auditing , please any one dispatch me it will be appreciated.
Thanks
Answers:
Auditing take up a complete semester. There's no channel I can administer you "complete notes". If you necessitate to read up on auditing, travel to the IFAC website below. You'll find adjectives the auditing standards and explanations you entail.
To audit accounts is the vet files or to check the entries contained by files from the source documents.
Let me explain. You salary for the coup¨¦ petrol. The auditor will check the petty dosh or the check to find out the saloon belongs to you or the company, next he will see if this is record within the expenditure column as your bread is gone by that much so you own smaller amount bread. Then he follows this through the mound statement if check be remunerated if the wall have removed this from the symmetry and contained by turn charges you ledger fees. The expense is revenue expense and not to be confused next to the Capital expense. The saloon bough is the property expense and is subject to the duration of five year. This is assets. Enron go out of business as they showed the expenses wrongly. The auditor check the usage of the motor if this is for the business or personal use as the charge authorities want to know this. They excise you if this is used by you is the sports car is the asset of the corporation and used by the corporation this go within as proper running cost and charge is allowed . You do not wage tariff on the expenses. The depreciation is whether straight splash or reducing be a foil for. I would suggest you buy the book by Frank Wood and shift through entry by entry. There is internal audit, continuous audit and external audit. This big subject and go beneath the law of the countries. It is trick but fun. Don't upset the clients next to the familiarity or bully them. You lose the clients/
Firozali A.Mulla MBA PhD
P.O.Box 6044
Dar-Es-Salaam
Tanzania
East Africa
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Thanks
Answers:
Auditing take up a complete semester. There's no channel I can administer you "complete notes". If you necessitate to read up on auditing, travel to the IFAC website below. You'll find adjectives the auditing standards and explanations you entail.
To audit accounts is the vet files or to check the entries contained by files from the source documents.
Let me explain. You salary for the coup¨¦ petrol. The auditor will check the petty dosh or the check to find out the saloon belongs to you or the company, next he will see if this is record within the expenditure column as your bread is gone by that much so you own smaller amount bread. Then he follows this through the mound statement if check be remunerated if the wall have removed this from the symmetry and contained by turn charges you ledger fees. The expense is revenue expense and not to be confused next to the Capital expense. The saloon bough is the property expense and is subject to the duration of five year. This is assets. Enron go out of business as they showed the expenses wrongly. The auditor check the usage of the motor if this is for the business or personal use as the charge authorities want to know this. They excise you if this is used by you is the sports car is the asset of the corporation and used by the corporation this go within as proper running cost and charge is allowed . You do not wage tariff on the expenses. The depreciation is whether straight splash or reducing be a foil for. I would suggest you buy the book by Frank Wood and shift through entry by entry. There is internal audit, continuous audit and external audit. This big subject and go beneath the law of the countries. It is trick but fun. Don't upset the clients next to the familiarity or bully them. You lose the clients/
Firozali A.Mulla MBA PhD
P.O.Box 6044
Dar-Es-Salaam
Tanzania
East Africa