Statutory audit, as it were, is more pronounced in companies that have their shares listed or traded in a recognized...
Auditing
The materiality concept is important in accounting and auditing. Audit partners cannot examine a business financial statement without assessing the...
Auditors can give biased, audit reports if their independence is in jeopardy. This is true mostly for external audit firms...
Agency theory is an important aspect of auditing. To be effective, auditors must understand shareholders and the board of director's...
Understanding stewardship is important to an audit of a business. This is true because the relationship between directors and the...
Accountability is a crucial aspect of every entity. In business, managers are accountable to the board of directors in one...
Audit comes in as a way of verifying if the entries and financial statements of an entity shows truthfully and...
Audit or as it is often called auditing is a job done by an auditor. Usually, the job requires care,...
It is not just compulsory but also mandatory for every registered business to keep accounting records. Failure to do so...
