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- Monroe Airport Authority Monroe County Regular Audit For The Years ... - Auditor State Oh
Get Monroe Airport Authority Monroe County Regular Audit For The Years ... - Auditor State Oh
1 Independent Accountants Report................................................................................................................. 3 Statement of Cash Receipts, Cash Disbursements, and Changes in Cash Balance - For the Years Ended December 31, 2009 and 2008 ........................................................ 5 Notes to the Financial Statement .................................................................................................................. 7 Indepen.
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Opers FAQ
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The auditor has a responsibility to plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by error or fraud.
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In all, there are 35 of these Auditing and Assurance Standards (AAS) as of now. Browse more Topics under Concept Of Auditing. ... 1] Review of all Systems. ... 2] Review of the Internal Controls. ... 3] Arithmetical Accuracy. ... 4] Accounting Principles. ... 5] Verification of Assets. ... 6] Verification of Liabilities. ... 7] Vouching.
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Audit procedures are the techniques, processes, and methods that auditors use to obtain reliable audit evidence, which enables them to gain a sound judgment about an organization's financial status. Audit procedures are conducted to help determine whether or not a company's financial statement is credible and factual.
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The purpose of an audit is to form a view on whether the information presented in the financial report, taken as a whole, reflects the financial position of the organisation at a given date, for example: Are details of what is owned and what the organisation owes properly recorded in the balance sheet?
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Main Objective: The main objective of the auditing is to find reliability of financial position and profit and loss statements. The objective is to ensure that the accounts reveal a true and fair view of the business and its transactions.
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