Items related to The Principles of Auditing

The Principles of Auditing - Softcover

F. R. M. De Paula

 
9781330323229: The Principles of Auditing

Synopsis

This non-fiction text provides practical guidance for students and practicing accountants on the principles of auditing. The author stresses the importance of an auditor's independence to accurately verify financial data within a company's Balance Sheet and Profit and Loss Account. Understanding the distinction between accounting and auditing is fundamental to carrying out an effective audit. Detection and prevention of errors and fraud are key objectives. Errors can be clerical, originating from mistakes in posting or calculating, or arise from errors in principle due to a lack of accountancy knowledge. Fraudulent activity can take shape as the misappropriation of cash or goods or as the falsification of accounts to bolster a company's financial position. The author emphasizes that an audit should go beyond routine checking to also include an intelligent review of original records. This book presents a comprehensive overview of auditing procedures to assist readers in identifying and understanding the relevant principles in executing an audit.

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