1. Why you want to be a auditor?

To scrutinize that work done was properly or not according to prescribed rules and regulations.
To avoid discrepancies while doing work.

2. What are intangible assets?

Intangible assets are those which we can't be seen like goodwill of the company.

3. What are tangible assets?

Tangible Assets are those assets which we can see or touch like fixed asset ,machinery,etc.

4. What is vouching?

Vouching is the process of checking for the existence an example for this is checking from the final record to the supporting document.

5. Who will audit an auditing firm?

One auditing firm can audit other auditing firm.

6. What is the mean of decommission Liability?

Decommission Liability is costs that a company expects to incur in the future when the plant is shut down.

7. What should the internal auditor?

Contact the board of directors or the audit committee. They should ensure the independence of internal auditing.

8. What is CARO 2004?

CARO means company audit report order 2004.It describes the matter on witch Statutory Auditors has to report in their Audit Report.

9. What is social audit?

social audit is performed to know the corporate social responsibility.

10. What is final audit?

Final audit is commenced when all account has been closed and final accounts is been prepared.

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