Write Short notes Audit techniques

Auditing and Assurance Revision Questions and Answers

Answer
For collection and accumulation of audit evidence, certain methods and means are available and these are known as audit techniques. Some of the techniques commonly adopted the auditors are the following:
 Posting checking
 Casting checking

 Physical examination and count
 Confirmation
 Inquiry
 Year-end scrutiny
 Re-computation
 Tracing in subsequent period
 Bank Reconciliation



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