Auditing

Assignment 5

Assignment 5

Introduction to Assignment

This assignment deals with a comprehensive overview of the auditing procedures. The main objective of auditing is to help firms in establishing the reliability of accounting (financial) statements for economic agents and improving compliance with their respective financial and business transactions regulations in order to assess the following criteria:

Whether all the assets and liabilities are reflected in the report;

Whether all the required documents are used in the report;

How the actual method of property valuation deviates from that adopted in the determination of accounting policy.

The most essential component of auditing procedures comprises of breaches of Professional ...