Audit

When an auditor from an audit firm in Johor Bahru performs an audit for the revenue cycle, as part of the financial audit, they should examine the inherent risk related to that revenue cycle before conducting tests to identify whether it is free from fraud and error. Its inherent risks are associated with the pressures … Read moreAuditing a Revenue Cycle

The external auditor refers to the Certified Public Accountant (CPA) firms or individuals who work in those firms which offers audit services to their customers. Usually, these firms operate independently from their customers whom they provide the audit services for. Typically, entities will engage external audit firms (Also see Introduction to Audit Engagement) to audit … Read moreWhat is an External Audit?

When the auditors from an audit firm in Johor Bahru are performing audits (Also see What is an External Audit?), besides following the audit principles, excellent auditors should possess some characteristics so that they may accomplish their tasks. Auditors Must Be Trained This is among the most basic requirement that the auditors need to satisfy. … Read moreCharacteristics of an Excellent Auditor

For organisations which are getting more reliant on the products and services of their suppliers or outsource more and more business processes to prudent partners, supplier quality management (SQM) is a critical activity for them. The supplier audit makes sure that the suppliers perform at or above the levels both parties have agreed in the … Read moreProcedures in a Supplier Audit

Some people may think that conducting an audit is nothing more than checking whether the company has prepared its financial statements correctly. However, this is not true. Audits require more than what you think, and the auditors from audit firms in Johor Bahru will need to plan and prepare for the audits carefully before they … Read moreIntroduction to Audit Strategy

Internal controls refer to the protections that secure the financial information and business operations of a company. Typically, it is the business owners’ responsibility to develop and apply internal controls in their organisation. To assess the efficiency of those controls, business owners may conduct external or internal audits (Also see The Audit Objective of External … Read moreA Checklist for Ways to Assess Internal Controls