What is the basic auditing method ? What are the basic auditing methods? Please refer to the answer in the following article of MISA MeInvoice .
Note: Before learning about auditing methods, you can preview the information about auditing that you need to know in the article below.
1. What is the basic audit method?
2. Subject of audit
2.1. Current financial performance of organizations and enterprises
2.2. Accounting documents of organizations and enterprises
2.3. Current status of assets and financial operations of organizations and enterprises
3. Basic auditing methods
3.1. General analysis and evaluation method
3.2. Method of testing transaction details and account balances
Conclusion
1. What is the basic audit method?
current auditing methods
Substantive audit method (substantive test) is an laos telegram data audit procedure designed to detect material errors at the database level [According to Vietnamese Auditing Standard VSA 330].
All auditors’ assessments and analyses must be based on data and information in financial statements
and provided by the accounting system.
Currently, there are two basic types of auditing controls nausea and vomits techniques: General analysis and evaluation method and detailed testing method of transactions and account balances.
2. Subject of audit
In order to be able to adapt to the development of canada data accounting and management needs, in addition to accounting documents, auditors also need to pay attention to the status of financial activities and the status of assets and financial transactions. Thus, the specific audit subjects are as follows:
2.1. Current financial performance of organizations and enterprises
Financial activities are using money to resolve and handle economic relationships in investment,
distribution and payment to achieve certain economic benefits.
Financial relations are the internal content of financial activities, while money is only a form of expression and a means to resolve those economic relations.
2.2. Accounting documents of organizations and enterprises
Accounting documents are a system of vouchers, books, tables and financial accounting reports.
According to the Law on Accounting: Accounting documents are vouchers, accounting books, financial statements, management accounting reports, audit reports, accounting inspection reports
and other documents related to accounting.
2.3. Current status of assets and financial operations of organizations and enterprises
Assets are expressed in many different physical forms with different requirements in terms of specifications, quality, preservation and maintenance, and are stored in many different warehouses and yards with different managers.
The relationship between managers and between managers and property owners is carried out in different ways and trends, but there is a tendency to gradually increase the gap between owners and those who preserve and use the property.