Advantages of Performing Continuous Audits A continuous audit (Also see How to Ensure Your Company’s Audit Process Goes Smoothly?) is an auditing process which is dependent on technology, and it will use the technology to analyse the account data and financial report continuously. In general, it is an alternative when compared to rather traditional auditing …
Essential Audit Objectives for Payroll Audits Payroll expense refers to the total of all the compensation that a company should pay its workers on a certain date or for a specific timeframe. Payroll (Also see Reasons to Outsource Your Payroll) is among the highest expenses that a company incurs, and hence, it is an essential …
The Importance of Having Internal Audits As a small business owner (Also see 6 Accounting Tips For New Business Owners), you may have engaged an accounting service in Singapore to perform an external audit due to the requirement of law or your shareholders. However, do you ever feel like your company can operate more effectively …
Internal Auditors and Their Roles in Consulting Unlike the auditors who work in the accounting firm in Singapore, the internal auditors are responsible for monitoring the practices of their company, especially the issues that are related to the company’s finances (Also see Here’s How You Can Sort Out Your Messy Finances Into Shape) . The …
Types of Assurance Engagement Typically, the assurance engagements which the accounting service in Singapore provide and offer can be categorised into two different levels, which are the limited assurance engagement and the reasonable assurance engagement. Some companies may choose to have an assurance engagement (Also see Essential Elements of Assurance Engagement) with the primary purpose …
What are the Audit Procedures for Accounts Receivable? Introduction to Audit Procedures Audit procedures are crucial to audit engagement for the auditors from accounting service in Singapore to evaluate the legality and accuracy of transactions and balances. These procedures lead the auditors to test the transactions and balances in different ways. Audit procedures (Audit Procedures – Its …
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Introduction to Audit Evidences What is audit evidence? Audit evidence is the data or information which the auditors would collect or use as part of their audit work to conclude if a company has prepared its financial statements (Also see Accounting – 4 Things about Financial Statements Every Business Owner Should Know) by adhering to …
How to Ensure Your Company’s Audit Process Goes Smoothly? As a business owner, getting your books of accounts audited by an audit firm can be intimidating. However, an audit is one of the key fundamental processes that you should have in place to be able to effectively run your business. Below are some tips to …
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