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    Dk
    Managment

    Posts : 2
    Join date : 2009-12-31

    Welcome me

    Post by Dk on Thu Dec 31, 2009 7:22 pm

    Sallam me new here
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    Mudassar Mazhar


    Posts : 5
    Join date : 2009-12-31
    Age : 29
    Location : Chakwal

    Re: Welcome me

    Post by Mudassar Mazhar on Thu Dec 31, 2009 7:27 pm

    Welcome to ITKnowledge

    Dk
    Managment

    Posts : 2
    Join date : 2009-12-31

    Re: Welcome me

    Post by Dk on Thu Dec 31, 2009 7:39 pm

    Mudassar Mazhar wrote:
    Welcome to ITKnowledge

    THnx.............

    Super Admin


    Posts : 14
    Join date : 2009-12-30

    Re: Welcome me

    Post by Super Admin on Sun Feb 21, 2010 4:09 pm

    Welcome to IT knowledge
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    kamrankhan143
    Super Moderator

    Posts : 271
    Join date : 2010-03-17
    Age : 33
    Location : Abu Dhabi

    Re: Welcome me

    Post by kamrankhan143 on Wed Mar 17, 2010 1:03 pm

    Welcome to IT Knowledge

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    Guest

    Re: Welcome me

    Post by Guest on Fri May 21, 2010 1:57 pm

    The
    concept or the vision of auditing has been subject to many changes
    during the recent eras. In fact, the approach towards auditing as a
    tool of check seems to have given many definitions in each period.
    Since the environment is constantly changing, the principles and
    methods on which the essentials of audit focus need to change, so as to
    produce robust and efficient results which can be relied upon by all.






    As
    told earlier, an audit is a backdrop where the operations and results
    of a business are analysed and deviation from the same are addressed.
    Further, Suggestions for continuous improvement are provided. Hence it
    is obvious that where such close relationship between business and
    audit is apparent, the techniques and methodologies of auditing should
    also be modified to suit the needs of business in order to ensure that
    the same provides an effective input to the management.






    Let
    us proceed with a simple example-A grocery shop keeper commenced the
    business with multiple branches with minimum possible capital. When the
    business prospered, the activities flourished-Sales doubled, Working
    capital enhanced, Statutory regulations tightened, locations
    multiplied, business relations widened and the entire business process
    became complex.





    An
    audit which starts with traditional audit techniques like vouching each
    and every transaction, casting, tallying and thus computing profit may
    seem to be satisfactory up to a point of time. Beyond this limit, the
    entire audit operations become rather stereo-type, consuming much time
    and eventually resulting to futility. Further, these deteriorate the
    very essence of an audit.
    ===============================
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    Re: Welcome me

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