標題: Control test also called compliance [打印本頁] 作者: aysha573 時間: 2024-3-9 15:15 標題: Control test also called compliance
This phase seeks to determine whether the procedures are working effectively and within the applicable rules. 5. Noun test another test for the procedure, this time seeking to ensure the accuracy of the values, in addition to other information available in the financial statements. 6. Auditor's opinion the accounting auditor evaluates the results obtained, reviews the adequacy of the financial statements and explanatory notes, reaching his opinion on the process. Results in hand. And now? Man working on notebook. There are usually two possibilities: the accounting audit may conclude that the processes are adequate and being well executed in your company; or identify errors and fraud. From there, it can be seen that in the first case the notes will contribute to maintaining best practices! In the second, actions vary according to the severity of the.
Situation identified by the procedure. It is therefore important to know how to differentiate them. Differences between error and fraud there is a consensus on differentiating cases when it comes Bank User Number Data to fraud or errors identified by accounting audits. Error : unintentional act, which results from omission, inattention or misinterpretation of facts in the preparation of records and financial statements; fraud : intentional act of omission or manipulation of transactions, tampering with documents, records and financial statements. In short, the difference lies in the intention or not of committing the irregularity. In practice, we can cite some examples of each conduct. Examples of errors: arithmetic errors in bookkeeping or accounting statements; incorrect application of accounting practices; wrong interpretation of standards and legislation.
Examples of fraud: manipulation, falsification or alteration of records or documents; misappropriation of assets; suppression or omission of transactions in records; unproven transaction records; application of improper accounting practices. Finally, the decision on the measures, based on what was presented by the procedure, is the responsibility of the company's management. Choose the best for your company in this content you were able to find out what an accounting audit concept is and which points in the company's accounting are analyzed by it. We also discuss when an accounting audit can or should be carried out, as it is a decision made by the company itself. Next, we list the stages of the process itself, how each phase of the accounting audit takes place, so that we can arrive at the answer: are there irregularities.
