August 2022
Beginner
752 pages
19h 29m
English
book
Accounting All-in-One For Dummies (+ Videos and Quizzes Online), 3rd Edition
by Michael Taillard, Joseph Kraynak, Kenneth W. Boyd
Content preview from Accounting All-in-One For Dummies (+ Videos and Quizzes Online), 3rd Edition
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 4
Discovering Audits
IN THIS CHAPTER
Evaluating information from your client’s management
Considering the four concepts of audit evidence
Putting your knowledge and experience to work
Asking for appropriate evidence
Gathering audit documentation
After finishing risk assessment, as explained in Book 9, Chapter 3, you must understand how to work with your client’s audit evidence and internal controls. Understanding audit evidence and internal controls is particularly important if you’re working with a new audit client. This chapter fills you in on working with audit evidence, and Book 9, Chapter 5 is all about internal controls.
To arrive at an audit opinion, you must look at the info the client gives you — its management assertions — to assess the information’s reliability. This process involves looking at the types of company transactions and the financial statement accounts.
In this chapter, we show you what to look for. You’ll get an explanation of the four concepts of ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.