principle of auditing
TABLE OF CONTENT
NO.
DESCRIPTION
PAGE NUMBER
1
PLAGIARISM STATEMENT DECLARATION FORM
2
2
MARKING SCHEMES
3
PLAGIARISM REPORT FROM SAFE ASSIGN
4
INTRODUCTION
5
ANSWER:
TOPIC 1- NATURE, PURPOSE AND SCOPE OF AUDIT
6
ANSWER:
TOPIC 2 - DISTINCTION BETWEEN ACCOUNTING AND AUDITING
7
ANSWER:
TOPIC 3 - TYPES OF AUDITS AND AUDITORS
8
ANSWER:
TOPIC 4 - MEANING OF TRUE AND FAIR VIEW
9
ANSWER:
TOPIC 5 - DESCRIBE THE PROFESSIONAL ETHICS THAT ARE RELEVANT TO AUDITORS
10
CONCLUSION
11
APPENDIX
12
REFERENCES
INTRODUCTION
After done this assignment, we can understand deeper on the job of auditing. First of all, the knowledge that we receive in the first topic is we can generally know that audit will have their objective of provide creditability for the financial statement prepare by company director to the shareholders. Secondly, this research guides us on the different between accounting and auditing. In this topic, we actually learn that accounting is more on preparing financial statement according to accounting standard. The third topic will be give us learn on every single type of audit such as differences and definition of financial statement audit, operational audit, forensic audit and compliance audit. Furthermore, we learn “true and fair view” in the fourth topic through separate define the word of “True” and “Fair”. Lastly, we will discuss the several threats that affect the value of ethics in today environment and also learn that how importance of ethics in auditing and also the ways to measure whether the audit is done in ethically.
Topic 1: Nature, purpose and scope of audit
(i) Nature
Auditing is defined as a systematic and independent examination of data, statements, records, operations and performances of an enterprise for a stated purpose. The auditor perceives and recognizes the propositions before him for examination, collects evidence, evaluates the same and on this basis formulates his judgment
NO.
DESCRIPTION
PAGE NUMBER
1
PLAGIARISM STATEMENT DECLARATION FORM
2
2
MARKING SCHEMES
3
PLAGIARISM REPORT FROM SAFE ASSIGN
4
INTRODUCTION
5
ANSWER:
TOPIC 1- NATURE, PURPOSE AND SCOPE OF AUDIT
6
ANSWER:
TOPIC 2 - DISTINCTION BETWEEN ACCOUNTING AND AUDITING
7
ANSWER:
TOPIC 3 - TYPES OF AUDITS AND AUDITORS
8
ANSWER:
TOPIC 4 - MEANING OF TRUE AND FAIR VIEW
9
ANSWER:
TOPIC 5 - DESCRIBE THE PROFESSIONAL ETHICS THAT ARE RELEVANT TO AUDITORS
10
CONCLUSION
11
APPENDIX
12
REFERENCES
INTRODUCTION
After done this assignment, we can understand deeper on the job of auditing. First of all, the knowledge that we receive in the first topic is we can generally know that audit will have their objective of provide creditability for the financial statement prepare by company director to the shareholders. Secondly, this research guides us on the different between accounting and auditing. In this topic, we actually learn that accounting is more on preparing financial statement according to accounting standard. The third topic will be give us learn on every single type of audit such as differences and definition of financial statement audit, operational audit, forensic audit and compliance audit. Furthermore, we learn “true and fair view” in the fourth topic through separate define the word of “True” and “Fair”. Lastly, we will discuss the several threats that affect the value of ethics in today environment and also learn that how importance of ethics in auditing and also the ways to measure whether the audit is done in ethically.
Topic 1: Nature, purpose and scope of audit
(i) Nature
Auditing is defined as a systematic and independent examination of data, statements, records, operations and performances of an enterprise for a stated purpose. The auditor perceives and recognizes the propositions before him for examination, collects evidence, evaluates the same and on this basis formulates his judgment
References: Books: Messier, Glover, Prawitt Margaret Boh. (2007). Auditing and Assurance Services in Malaysia. Third Edition. McGraw-Hill (Malaysia) Sdn. Bhd. Internet: i. Hubpages, 2010. Nature, Purpose And Scope Of Audit And Review. [online] Available at: [Accessed 4 June 2009 ] ii. Educomp, 2010. Summary Notes of Chapter 1 – Nature of Auditing. [Pdf file] Available at: [Accessed 4 June 2012 ] iii. Ventureline, 2010. True and fair definition. [Online] Available at: [Accessed 4 June 2012 ] iv. Blurtit, 2010. Define Auditing What Is Difference Between Auditing And Accounting? [Online] Available at: < http://www.blurtit.com/q277000.html> [Accessed 4 June 2012 ]