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Asked/Added Questions From NCERT:


Question 1. Asked on :22 August 2020:10:31:57 AM

 Write the Essentials of good audit evidence?

-Added by nisha sheikh Accountancy » Tools Of Auditing

Answer:

Shruti Srivastva
Should be reliable.

-Answered by Shruti Srivastva On 29 August 2020:05:35:46 PM


Question 2. Asked on :22 August 2020:10:28:03 AM

 Define Auditing Evidence ?

-Added by nisha sheikh Accountancy » Tools Of Auditing

Answer:

nisha sheikh

 Audit Evidence refers to any information , verbal or written , obtained by the auditor during the course of audit to arrive at the conclusion on which he bases his opinion on financial statements.

-Answered by nisha sheikh On 22 August 2020:10:29:10 AM


Question 3. Asked on :22 August 2020:10:16:34 AM

 Write the Limitations of Audit Programme? 

-Added by nisha sheikh Accountancy » Tools Of Auditing

Answer:

nisha sheikh

1. An audit programme is rigid i.e., not flexible . One audit programme may not suite all organisations.

2. Independent judgement and initiative of the audit staff may be restricted.It may frustrate the talented and efficient audit staff.

3. New areas will be overlooked as the audit will be carried out based on traditional audit programme only.

-Answered by nisha sheikh On 22 August 2020:10:18:24 AM


Question 4. Asked on :22 August 2020:10:12:45 AM

 Write the benenfits of Audit Programme?

-Added by nisha sheikh Accountancy » Tools Of Auditing

Answer:

nisha sheikh

1. Ensures that all areas have been covered during audit.

2. Acts as an evidence against charge of negligence .

3. Helps in fixing responsibilities .

 

-Answered by nisha sheikh On 22 August 2020:10:13:55 AM


Question 5. Asked on :22 August 2020:10:09:26 AM

Define Audit Programme?

-Added by nisha sheikh Accountancy » Tools Of Auditing

Answer:

Shruti Srivastva
An audit programme is a detailed plan of work, prepared by the auditor for carrying out an audit. 

-Answered by Shruti Srivastva On 29 August 2020:05:36:22 PM


 

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