Types of Audit Evidence
Audit evidence is the information that the auditors of an organisation gather from it in the …
An Overview of Accounting Entries
Creating accounting entries refers to the process of making formal records for business…
Are Revenue and Profit the Same?
Some of the business owners may choose to outsource their accounting tasks as they find it hard…
An Overview of Full Disclosure Principle
According to the full disclosure principle, a company should include all the information which will…
What are Variable Costs and Fixed Costs?
As a business owner, you should have heard of variable costs and fixed costs before. However, do…
What is Capital Budgeting?
Most of the companies will need to purchase fixed assets for the operations of the business…
Types of Audit – Tax Audit
A tax audit refers to the official examination of the tax return that the taxpayers declare by the tax…
Types of Audit – Financial Statement Audit
A financial statement audit is a review on the annual financial statements of an entity to allow…
Types of Audit – Compliance Audit
A compliance audit is a type of audit service that pays more attention to whether the entity…
Types of Audit Risks and Their Sources
Audit risk refers to the possibility that a material misstatement is present in the financial…