Audit Process and Techniques
For collection and accumulation of audit evidence, certain methods and means generally adopted by auditors are:
- Posting checking
- Casting checking
- Physical examination and count
- Confirmation
- Inquiry
- Year-end scrutiny
- Re-computation
- Tracing in subsequent period
- Bank reconciliation
- Vouching
- Verification of existence, ownership, title and value of assets and determination of the extent and nature of liabilities
Read more about this topic: Financial Audit
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