Certain tests and procedures involve activities that can become repetitive and almost boring. Feeding large databases, reconciling figures and accounts, reviewing accounting classifications, and processing inventory figures, for example, are tasks that are normally carried out by young auditors who start at work, but these activities, thanks to AI, can now be done independently and…
The role of the auditors is to perform auditing procedures to express an opinion based on reasonable assurance about whether the financial statements are free from material misstatement, whether caused by error or fraud. Due to the nature of the audit, the evidence collected and the characteristics of the fraud, the external auditor cannot give…
How important is it for a company to be prepared for the audit? Why consult the best auditing firms in Delhi? What is the documentation to provide and how to keep the company updated with accurate financial records? Who are the people involved in the success of an audit? What are the mistakes to avoid…
