An auditor's opinion on the financial statements is expressed in the form of an auditor's report. In the best case, the auditor finds that the financial statements are in accordance with generally ...

Key Audit Matter, professionally known as SA 701, is no more a newly introduced standard for any auditor. The auditor has been given the onerous responsibility as well as individual decision to ...

The application of data analysis in internal audit has been a topic of increasing interest and discussion in my recent months. While numerous knowledge briefs and guides are available from respected ...

Cost audit is the process of verification of cost accounts of a company to determine the accuracy of cost accounting records. Cost audit will ensure that whether the cost accounting records are in ...

The total amount of expenditure incurred during the year: Here, the total expenditure incurred during the year shall be considered. It is yet to be clarified whether the expenditure only includes ...