The Audit process: Verification of Assets and Liabilities
| Institution | MASENO UNIVERSITY |
| Course | ACCOUNTING |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Liz Ochola |
| File Type | |
| Pages | 21 Pages |
| File Size | 272.99 KB |
| Views | 8401 |
| Downloads | 0 |
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Description
Despite any reliance on any controls, the auditor must substantiate the substance of the accounts. He must obtain evidence that the accounts give a true and fair view. To do that he has to verify the amounts attached to assets and liabilities in the accounts.
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