Explain briefly the following phrases included in the definition of auditing given in this chapter: (i) systematic
Question:
Explain briefly the following phrases included in the definition of auditing given in this chapter:
(i) systematic process
(ii) objectively gathering and evaluating evidence
(iii) assertions about economic actions and events
(iv) the degree of correspondence between the assertions and established criteria.
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i Systematic Process In the context of auditing a systematic process refers to a structured and organized method used to conduct an audit This involve...View the full answer
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Related Book For
Principles Of External Auditing
ISBN: 9780470974452
4th Edition
Authors: Brenda Porter, Jon Simon, David Hatherly
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