Do you know the auditor’s report has changed? What will be the format? And how it looks like? The Institute of Chartered Accountants of Bangladesh (ICAB) circulate a letter to the members of the…
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We are very familiar with materiality during our audit procedures. We need to determine it before or after audit procedures. Why? If an item is materially misstate in the financial statements what will be…
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We are very likely engaged in the audit or job in valuation of inventories. During this engagement we need to identify accounting treatments, specify cost of inventory, identify cost formula, calculation of NRV. Sometimes…
