Audit Techniques definition with examples and formula

Definition of Audit Techniques with formula and example to solve the problems with the suitable solution using concept in accounting keeping in mind the limitations and errors. How to calculate Audit Techniques with disadvantages and advantages using the rules in Cost and Management Accounting.

Audit Techniques

1. INSPECTION: Inspection is concerned with review or examination of records, documents or tangible assets. Inspection of record is made to note recording, authority and validity of data. Auditors commonly use this technique. 2. OBSERVATION: Observation means looking at an … Continue reading

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