Connect with us
Basically, analytical procedures consist of evaluations of financial information made by an auditor of plausible and expected relationships among both financial and non-financial data. The analyses...
SEC requires an interim financial information review before it is filed in a registrant’s quarterly report on Form 10-Q. SAS 100 provides guidance which is primarily...
To form the basis of an opinion on the fairness of the financial statements, the third generally accepted fieldwork standard requires the gathering of sufficient competent...
Substantive tests performed by the auditor consist of tests of details of transactions and account balances, and analytical procedures. The objective of substantive tests is to...
AICPA Professional Standards (AU110) states that “the objective of the ordinary audit of financial statements by the independent auditor is the expression of an opinion on...
There are seven phases to be passed through by an auditor in auditing financial statements. They are described in this post. Follow on… Phase-1. Audit...