Why do Auditors Attend Stocktakes?
It is very common for an auditor to attend stocktakes at a company’s year end. These stocktakes may also be referred to as a stock counts and these terms are …
Purchase Walkthroughs – Step by Step
One key area where an auditor may want to focus on for their walkthroughs is the purchase process. This is done to ensure that there are sufficient controls around the …
What Do Auditors Do?
The primary job of an auditor is to ensure that the financial statements of a company are free from “material misstatement”. But what does this actually mean? The basic meaning …
What is an Audit Walkthrough?
External auditors often carry out what are known as walkthroughs while they complete their fieldwork. They involve the auditors spending time sat with members of the finance team and perform …