A company may utilize its surplus resources in investments. The major task of the auditor is to verify the existence of such investments and to ensure that ...

The auditor first of all examines the patents and verifies them with the help of certificates under which patent rights have been granted. The auditor should ...

Plant and Machinery Verification: Usually the money spent on the acquisition of plant and machinery is shown in one account i.e. Plant and Machinery Account. ...

Leasehold Property means letting out a property for a specified time period. Various steps involved in the verification of leasehold land are: The auditor ...

It is the duty of the auditor not only to verify the physical existence and ownership of the asset, but also its valuation as shown in the Balance Sheet. He ...

Verification of Goodwill and Freehold Property. Goodwill: Goodwill is an intangible asset. Its value depends on the earning capacity of the business. According ...

It has been rightly said that, An auditor is not a valuer and yet he is intimately concerned with the proper valuation of assets and liabilities. Because ...

List of main objects of verification of Assets: Existence of fixed assets and liabilities: The, most important object of verification is to satisfy the auditor ...

Difference between Verification and Valuation. Valuation implies critical examination and testing of determined values of assets on the basis of its utility ...

Bond-washing Transactions is a practice of selling a bond just before it pays a coupon payment and then buying it back once the coupon has been paid. ...