Chapter 3

Techniques and Procedures of Auditing


An auditor must ensure that he fully understands the enterprise with which he is dealing before he determines his basic approach to an audit. He must familiarise himself with its organisation and visit the location at which it operates. He should have a detailed knowledge of its products or services. He must ensure that he has fully grasped any technicalities peculiar to the business. Only then he will be in a position to fully comprehend and identify the transactions which are being ...

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