Definition: Test of details is a substantive procedure. It's a response to the risk assessment. Substantive procedures help Auditor to Test of details is testing the financial information by diving into the details of Here, we perform testing by verifying all the underlying … [Read more...] about Test of Details
Audit
Performance Materiality Definition, Example, and Calculations
Definition: Performance materiality (PM) Refer below to understand this statement with an example. Factors Considered for Calculating Performance Materiality: Performance Materiality (PM) is calculated as a percentage of materiality. The Percentage is … [Read more...] about Performance Materiality Definition, Example, and Calculations
Another word for Auditing
What to know Another word for Auditing? Read on to find out more. Auditing means verification of books of accounts. So, the auditor verifies if the financials are free from errors. The following words are used as synonyms for the word audit. The above terms … [Read more...] about Another word for Auditing