أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
agree with answers >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
There are two ways by which I can assume this question is about , due to lack of specifications.
Hope this answers your question.
Not too much care followed by the accountant & also the lack of professional knowledge those who accounts for daily transactions even when they finalize it.
It is depend upon the
- --- Different audit methods used by the auditor (Test check, Trial audit, Audit in dept etc...)
- --- Lack of professional knowledge
- --- Lack of availability of audit evidence
- --- Irresponsibility of the audit staff or the auditor
I agree with the answer...................
repetition or manipulation of information to satisfy its management that the company is progressing somehow with good perspectives.
Companies always tries to show huge profit in their profit and loss ac to get additional source of finance from the market. Where as auditor is a professional independent .He has to sign on the audited results that they reflect the true and fair view of position of the company.
To ensure this true and fair view , Auditor check the provision in the light of IFRS and other applicable ACT. Wherever necessary he recommends to make provision to the management.Provision is direct impact on the profit.