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Audit Committee – Its Definition, Responsibilities and Requirements
An audit committee of a company refers to a group of non-executive directors that the board of directors has set
Audit - Introduction to Unqualified Opinion
Definition: An unqualified opinion is an opinion which the auditors (Also see Characteristics of an Excellent Auditor) will give to
The Differences Between the Single Entry System and Double Entry System
A business could keep records of its financial transactions ( Also see Lesson for Financial Accounting ) using a single
Accounting - General Ledger Reconciliation
The general ledger refers to the main set of accounts, and it aggregates all the business transactions that a company
Accounting – Prudence Concept
Also known as the conservatism principle, the prudence concept is a concept that most accountants, including the accountants from an
What is Dividend?
Dividend refers to the share of profit that a company distributes to its shareholders (Also see Do You Think Dividend
How Do Tangible and Intangible Asset Differ from Each Other?
Assets refer to anything that has some value. They can be owned by an individual or a company with an
The Importance of Conducting Human Resource Audits
Many lawyers suggest their clients conduct human resource audit regularly as it is an effective way of keeping the companies
Introduction to Audit Engagement
An audit engagement is the engagement of audit services, which means the process by which the customer engages an audit
Why Do Companies Repurchase Their Own Shares?
The repurchase of shares refers to a situation where a company repurchases its outstanding shares from the open market by
Are Accounting Treatments for Profit and Non-profit Organisations the Same?
A profit organisation, or a for-profit organisation, is a legal entity that runs its operation intending to generate profit for
Accounting – Accrual and Deferral
When it comes to the recognition of revenue earned and expenses incurred, the accountants from the accounting firms in Johor