What is the general presumption for auditing Ending Balances?

Q: In the audit of accounts receivable, the most important emphasis should be on thea. Completeness…

A: The existence assertion is the assertion that liabilities, assets and shareholders capital balances…

Q: What does an audit procedures should be applied to Required Supplementary Information?

A: Definition:   Audit report: An audit report refers to the written report issued by an auditor to…

Q: auditor

A: an auditor distinguish between an adjusting event and non-adjusting event as follow

Q: How does the quality of audit evidence vary depending on who has provided it?

A: Audit evidence is primarily the data and accounts of the client and its associated third parties,…

Q: What are post-audits? When are they conducted?

A: Post-audits: Post-audits is the process of comparing the actual progress of the project with the…

Q: what does audit Evidence consist?

A:

Q: How do contingent liabilities effect the audit?

A: Contingent liability is a liability that may occur depending on the outcome of future uncertain…

Q: essentially describe what materiality means in the context of the audit.

A: The most typical type of audit is a financial statement audit. A financial audit is an objective…

Q: what is the difference between internal and external audit

A: Audit is the process in which auditor examines the financial data of the client to express an…