top of page
Search

Understanding the business

When performing the audit or other advisory work, it is important to understand the business. It enable you to anticipate the key areas or the key processes to be put in place.


In particular in audit, it enable you to anticipate the items or balances to be in place in the financial statements.

 
 
 

Recent Posts

See All
Revenue completeness

The golden rule - revenue completeness can never ever be ascertained from issued sales invoice. Revenue completeness should be ascertained from fulfilled order, contract or delivery note. It should

 
 
 
Audit thinking logic

What are we going to audit - revenue, trade receivables, unquoted equity investments, trade payables, etc What audit procedures (nature, timing) to be performed to ascertain each of the assertions Wha

 
 
 
Audit schedule provided by client in audit

Before we place reliance on audit schedule provided by client in an audit engagement, we are required to ensure the completeness and accuracy of the audit schedule. In order to address the issue, we n

 
 
 

Comments

bottom of page