Ulasan bertajuk Audit Completion

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https://www.facebook.com/mypolyaudit/videos/138794940649702/




AUDIT COMPLETION
~final analytical procedures
~review of subsequent events and loss contingencies
~examining related party disclosures
~review of going concern issue
~Evaluation of financial statement presentation and disclosures


1) Final evidential evaluation processes
a) performance of final analytical procedures
b)identifying subsequent events
c)review for loss contingencies
d)examining related party disclosures
e)review of going concern issue
f)Evaluation of financial statement presentation and disclosures

EXAMPLE OF TYPE OF LITIGATION
-breach of contract
-patent infringement
-product liability
-violation of law and legislation including
~securities laws
~company laws
~income tax regulation
~environmental laws

RELATED PARTY DISCLOSURE
-purchases or sales of goods (including raw materials and unfinished goods)
-purchases or sales of property and other capital assets
-rendering and receiving of services
-leasing and rental agreements
-transfer under license agreements
-provision of guarantees or collateral
-financing arrangements such as loans and equity contributions in cash or in kind

MANAGEMENT REPRESENTATIONS
-obtain corroborative audit evidence, if available, from sources inside or outside the entity
-evaluate whether the representations by management appear reasonable, and are consistent with other  management representations
-evaluate whether the management representations are consistent with other audit evidence obtained
-consider whether the person making the representations are well informed on the particular matters









Comments

Writer Jordan said…
This blog post on audit completion provides valuable insights into the auditing process and highlights the importance of achieving REACH Compliance, a key aspect of environmental regulation. The author's expertise is evident in their thorough analysis of the audit results and their clear explanation of the implications of non-compliance. Overall, this post is a helpful resource for anyone involved in auditing or environmental compliance.
March 1, 2023 at 5:00 AM
Moolamore said…
Audit completion is a critical phase, and auditors must exercise due diligence to ensure that all necessary procedures have been performed and that the audit report accurately reflects the auditor's opinion on the fairness of the financial statements.

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January 16, 2024 at 8:10 PM
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