How does the Auditor plan for an Audit of Financial Statements?
Planning an audit is one of the most integral parts of the audit. Without a sufficient planning programme on the auditor’s part, there is a significant risk that a material misstatement (or many material misstatements) will be missed. This will lead to the auditor expressing an inaccurate audit opinion, in addition to additional implications. Planning […]
What happens when an Auditor finds a Material Error?
The ability of the auditor to express an opinion as to whether or not the financial statements reflect a true and fair view (or present fairly in all material respects) of the company’s financial situation is the fundamental objective of the audit. During the course of their work, the auditor is required to maintain a […]
