Please enable JavaScript.
Coggle requires JavaScript to display documents.
Unit 1. Objectives & Process - Coggle Diagram
Unit 1. Objectives & Process
Objectives
Primary:
Opinion: Truth & Fairness of financial affairs
Secondary:
Fraud detection
Employee Fraud
Embezzlement of Cash
Misappropriation of Accounts
Management Fraud
Manipulation of Accounts
Omission of events
Misapplication of Accounting Policies
Internal Control System Override
Error prevention
Clerical Error
a. Error of Commission
b. Error of Omission
Error of Duplication
Compensating Errors
Error of Principle
Specific:
Cost audit
Management audit
Processes
I. Audit Planning
Knowledge about client
Scope of Audit
Audit Program
Manpower Planning
II. Conduct of Audit
Audit Evidence
Examination
Coordination
Control
Documentation
III. Audit Report