Audit of E-Commerce Transaction: The objectives of conducting an information systems audit of any e-commerce installation are to gain an understanding of the product line available for purchase over the e-commerce platform, to ensure that adequate internal controls are in place, to determine whether the top management of the auditee recognizes
Audit Of Limited Companies: Audit of Private Limited Companies will require the appointment of an Auditor by the Board of Directors after the incorporation of a company in the first Annual General Meeting within 30 days of incorporation.
Audit working paper and evidence: Audit working papers are the documents which record during the course of audit evidence obtained during financial statements auditing, internal management auditing, information systems auditing, and investigations.
Direction of comptroller & Auditor general of India: The CAG is also the statutory auditor of Government-owned corporations and conducts supplementary audit of government companies in which the Government has an equity share of at least 51 per cent or subsidiary companies of existing government companies.
Audit Report: The auditor’s report is a document containing the auditor’s opinion on whether a company’s financial statements comply with GAAP and are free from material misstatement.
Auditing: Auditing is defined as the on-site verification activity, such as inspection or examination, of a process or quality system, to ensure compliance to requirements.
Internal control & internal checking system: Internal Control and internal checking consist of “measures and methods adopted within an organization to safeguard the cash and other assets of the company as well as to check the clerical accuracy of the bookkeeping.”
Professional Ethics Of Auditing: Professional ethics refers to the professionally accepted standards of personal and business behavior, values, and guiding principles.
Investigation: includes the assessment of records and the utilization of bookkeeping techniques to find money-related inconsistencies and to follow the movement of assets and funds all through associations.
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