The Adverse audit opinion paragraph

Adverse audit opinion An adverse opinion is issued after having obtained sufficient appropriate audit evidence, the auditor concludes that the misstatements, individually or when grouped with other misstatements, are both material and having pervasive effect to the financial statements.An adverse opinion will be issued when the auditor discovers that the financial statements of an auditee … Read more

Standard unqualified and qualified opinion in audit

An audit opinion is a verification that accompanies financial statements based on an audit of the accountant’s opinion of the procedures and records used to provide the statements whatever of whether the financial statements have exist material misstatements. There are four types of audit opinion which are standard unqualified opinion, qualified opinion, adverse opinion and … Read more

Standard unqualified and qualified opinion in audit

An audit opinion is a verification that accompanies financial statements based on an audit of the accountant’s opinion of the procedures and records used to provide the statements whatever of whether the financial statements have exist material misstatements. There are four types of audit opinion which are standard unqualified opinion, qualified opinion, adverse opinion and … Read more

Information System Audit

The information system controls effectiveness is evaluated through an information system audit. An audit aims to establish whether information systems are safeguarding corporate assets, maintaining the integrity of stored and communicated data, supporting corporate objectives effectively, and operating efficiently. It is a part of a more general financial audit that verifies an organization’s accounting records … Read more

Training Needs Analysis sources and benefits

The role of Performance Appraisals and other methods in identifying Training Needs There are various sources that can be used to determine organisational training needs. Some will be used to identify overall needs whereas others are more useful for identifying the needs of specific individuals, e.g. Performance Appraisals. Performance appraisal can significantly help in identifying … Read more