Difference between audit report and audit notebook
Answers
Answer:
Audit working papers are those in which the auditor makes a rough estimation of how to do the audit which he has taken up.. It's just like a working notes you do to solve a problem.. Audit notebook is where apart from the working papers it states about the areas audited and observations made.
There are three main types of audits: external audits, internal audits, and Internal Revenue Service (IRS) audias
Audit notebook is a diary on which auditor scribble down all important inquiries to avoid the possibility of unquestioned material facts. ... Audit notebook contains information regarding day-to-day work performed by the audit staff on any particular date.
The auditor's report is a formal opinion, or disclaimer thereof, issued by either an internal auditor or an independent external auditor as a result of an internal or external audit, as an assurance service in order for the user to make decisions based on the results of the audit.
Explanation:
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Answer:
The audit working papers are those in which the auditor makes a rough estimate of how to do the audit work which he has taken up. It's means that you have solve a problem with the help of your contribution.
The Audit notebook is where apart from the working papers it states about the area audited and observation mode.