• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • About Us
  • Privacy Policy
  • Contact us

CArunway

We help Finance Professionals and Business Entrepreneurs by providing a one stop solutions for legal, accounting and tax related matters

  • Home
  • Accounting
  • Audit
  • Startups
  • Income Tax

Audit

What is an interim audit

May 5, 2022 Runner

The most frequent question that arises is What is an Interim Audit. Lets understand this concept in detail. What is an Interim Audit Interim means a period that is not a full 12 months. For example, any period like 3 months, 4 months, or 7 months will be the Interim … [Read more...] about What is an interim audit

Audit interim audit definition, interim audit period, interim audit testing, interim auditing

Physical Verification of Stock

April 2, 2022 Runner

Stock audits are to verify the existence, completeness and rights of an entity's goods. Most of the times, Stock Audits are associated with physical verification of stock. What's the testing approach for the Inventory Audit? The audit team performs substantive audit … [Read more...] about Physical Verification of Stock

Audit audit of stock, manual counting of stock, physical verification of goods, physical verification of inventory, stock audit

Audit Materiality (with Examples)

February 12, 2022 Runner

Audit Materiality means a quantitative value used to verify if an account balance or transaction is worth performing testing procedures in an audit context. There is no specific formula for arriving at the Materiality numbers, and it depends on who are the users of the financial … [Read more...] about Audit Materiality (with Examples)

Audit materiality, materiality benchmark, Materiality calculation, performance materiality, significant accounts testing, steps for materiality calculation

Audit Expenses: Meaning, Audit Assertions, Risks & Substantive Procedures

January 9, 2022 Runner

Are you wondering how to perform the audit of expenses ?. The topic "Audit expenses" lists out audit procedures for testing the expenses. Expenses can be Operating and Non-Operating in nature. Operating Expenses are the expenses that help in the effective and efficient operations … [Read more...] about Audit Expenses: Meaning, Audit Assertions, Risks & Substantive Procedures

Audit audit of expenses, audit of operating expenses, auditing expenses, auditing operating expenses, expenses testing, testing of operating expenses

Permanent Audit File

November 26, 2021 Runner

Permanent audit file

The permanent audit file (Perm File) consists of documents or contracts of audit significance beyond the current audit period. Audit documentation is a crucial aspect of planning and performing audits. There is a saying that if the work is not documented, it's called as not done … [Read more...] about Permanent Audit File

Accounting, Audit Audit file, audit files, Current year audit file, perm audit file, perm file, Permanent audit file

  • Go to page 1
  • Go to page 2
  • Go to page 3
  • Go to Next Page »

Primary Sidebar

Search

Recent Posts

  • Purchased Computer Journal Entry
  • PV Ratio
  • Cheque deposited in bank journal entry
  • Paid Electricity Journal Entry
  • Bad Debts Recovered Journal entry

© Copyright 2022 CArunway