kiranmai inturi, Author at APT Global Firms

15 May 24

مشاكل ضريبة القيمة المضافة

التأخير في تقديم الإقرار الضريبي هو مشكلة تواجه العديد من دافعي ضريبة القيمة المضافة في العديد من الدول، ويعتبر هذا التأخير مصدر قلق كبير للسلطات الضريبية والمتعاملين معها على حد سواء. في هذا المقال، سنقوم بتحليل أسباب هذه المشكلة والنتائج المترتبة عنها، وسنقدم بعض النصائح للتغلب عليها. أسباب التأخير في…

11 May 24

Evaluation of Misstatement in Audit Engagement (Part iii)

Correction of Misstatements The importance of correcting misstatements is another area where the literature is silent. The auditing literature implies that auditors should correct all misstatements. More specifically, SAS (AU 326.20) and AAS 13 (AUs 322.20) require the auditor to request management to adjust the financial statements for all identified…

07 May 24

Evaluation of Misstatement in Audit Engagement (Part ii)

Categories of Factual Misstatements It can be assumed that factual misstatements are straightforward to detect and evaluate, and that auditors are likely to evaluate them consistently. This is because the distinction between the audited information and the auditors’ understanding, which is needed to evaluate misstatements, only exists for objective data,…

05 May 24

Evaluation of Misstatement in Audit Engagement (Part i)

Introduction: Definitions and Objectives i. Objectives and Definitions Inherent misstatement is defined as a misstatement of an amount or disclosure that is not in accordance with the applicable financial reporting framework, created by the difference between the amount, classification, presentation, or disclosure of that amount or disclosure in the financial…

16 Apr 24

Internal Controls at the in Statutory Audit (Part ix)

Challenges and Limitations of Internal Controls in Statutory Audit/External Auditor Procedures The challenges and limitations are the obstacles that the internal control system faces. The main challenges and limitations are those that cause the auditor to rely on internal controls. If they are not able to do so, auditors will…

29 Mar 24

Internal Controls at the in Statutory Audit (Part viii)

Impact of Effective Internal Controls on Statutory Audit/External Auditor Procedures The work impact of effective internal controls on statutory audit and external auditor procedures is a limiting case of a much broader topic. It sheds a detailed light on the effects of internal controls in business and how different types…

27 Mar 24

Internal Controls at the in Statutory Audit (Part vii)

The Role of Internal Controls in Statutory Audit/External Auditor Procedures Objective Internal controls are the specific accounting and financial control procedures that are established by organizations to provide reasonable assurance that the organizations’ stated objectives will be achieved. These objectives are (1) effectiveness and efficiency of operations, (2) reliability of…

21 Mar 24

Internal Controls at the in Statutory Audit (Part vi)

Internal Control Procedures Types Internal control procedures play a pivotal role in safeguarding assets, mitigating risks, and ensuring the integrity of financial information within organizations. Among the various types of internal control procedures, several key categories stand out for their significance in promoting effective governance and risk management. In this…

19 Mar 24

Internal Controls at the Planning Stage in Statutory Audit (Part v)

Exploring Other Categories of Internal Control: A Comprehensive Analysis In addition to the traditional categories of internal controls such as accounting, administrative, preventative, detective, and corrective controls which has been discussed earlier, organizations often classify controls based on other criteria to address specific needs and requirements. In this in-depth exploration, we…

15 Mar 24

Internal Controls at the Planning Stage in Statutory Audit (Part iv)

Categories Of Internal Controls Within the complex organizational operations, internal controls serve as the safeguards, ensuring integrity, reliability, and compliance across all facets of business activities. These controls come in various forms, each tailored to address specific risks and objectives within an organization. Understanding the categories of internal controls is…

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