Role of auditors in investment analysis is one aspect of fundamental analysis and business valuation that the savvy investment gurus have long ago recognised and has reaped fortune from it. Your investment appraisal will be incomplete if you fail to recognise the role played by auditors in the whole process of analysing your investment. The [...]
The role of auditors in the traditional setting is to express professional opinion on piece of account statements prepared by directors of a company. The essence is to rend credibility to the said statements, and that is where the problem lies. So many people have in the past questioned the relevance of accounting and auditing [...]
AUDIT REPORT: WHAT EXACTLY IS AUDIT REPORT AND PURPOSE OF AUDIT REPORTING? WHAT IS AUDIT REPORT? Audit report in common term is the expression of opinion by an independent third party in this case an auditor as to the compliance and fairness of a set of financial statement of a company. This is why most [...]
Liability is any obligation of outflow of resources that we are obliged to recognize as a result of what we have done in the past. Any outflow of resources that has economic value that we are committed to take responsibility of is known as liability. There are various kinds of liabilities that one can think [...]