Analytical Procedures have been part of the audit process for decades, but many auditors fail to understand their objectives or how these procedures should be properly applied for substantive testing, resulting in many audit deficiencies, some of which are serious.
PwC had launched a new software tool to provide audit and other assurance services to its clients holding or transacting in cryptocurrency. It is supposed to be part of its ‘Halo’ suite of auditing tools that may be used to provide assurance services for entities engaging in cryptocurrency transactions.
Many companies have been providing corporate information to Suruhanjaya Syarikat Malaysia (SSM) through the use of hardcopies for many years. In turn, this has resulted in certain information being rekeyed into a database by SSM. Alternatively, there has been the conversion of the hardcopies of the corporate
The concerns on audit quality in the Malaysian external audit profession is not something new and have been discussed, deliberated and debated over the years.
The audit of assets is a critical area in the audit of financial statements as it involves key resources of a business. As such, auditors have to ensure that audit assertions of existence, rights & obligations, valuations, completeness and accuracy is adequately verified so that they are fairly stated in the financial statements.
This webinar examines the role of Auditors for detection of Fraud and Errors. It deals with the requirements of ISA 240 and the revised role of auditors in the examination of the financial statements.