Volume : VII, Issue : VI, June - 2017

AUDITING STANDARDS AND ADVANTAGES

E. Phalguna Kumar, Dr. B. Mohan

Abstract :

 Auditing standards are particularly important in cases where there is a matter of material importance and its interpretation is of a technical nature. In this case, auditing standards should be complied with. There may also be cases where the use of a particular standard may not be applicable in this case the Auditor should use sound judgment in deciding which action to take.  Since audit procedures are consistent with auditing standards and provides guidance for Auditors on the job, this would in turn work as a benchmark for the evaluation of audit work done to ensure that they were of the desired quality and to assess whether the relevant standards were applied and done so consistently.

Keywords :

Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

E. Phalguna Kumar, Dr. B. Mohan, AUDITING STANDARDS AND ADVANTAGES, INDIAN JOURNAL OF APPLIED RESEARCH : Volume‾7 | Issue‾6 | June‾2017

Number of Downloads : 307

References :