Audit-is-cool is pleased to accumulate and provide its readers with the news on audit and related topics.

1. The spaceship of an auditor from Earth
landed on the green field of the planet
Kepler-3571c. The auditor had a task to
participate in a stock take of flying
horses herd.
This is not another story from Airstrip
One rubric. The purpose of this article is
to discuss future application of
technology in audit, but not as far as in
the above introduction.

2. Materiality
Controls
Audit firms: Sponsorship
Activities

3. The concept of materiality is applied
by the auditor both
in planning and performing the
audit, and in evaluating the effect of
identified misstatements on the audit
and of uncorrected misstatements, if
any, on the financial statements and
in forming the opinion in the
auditor’s report. Information is
material if it is likely to influence
financial statements users’
decisions.

4. audit-is-cool.blogspot.co.uk
Read more at