Audit Planning

Analytical Auditing
An analytical approach to an audit comparing financial and non-financial data to determine if they appear reasonable, used during various audit stages.
Audit Manual
A written document that explains the auditing policies and procedures of a firm, ensuring consistency and compliance in auditing practices.
Risk-Based Audit
An auditing technique focused on identifying and assessing the levels of risk in different areas of an organization's systems to concentrate efforts on the areas of highest risk, thereby improving the detection of errors or fraud.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.