Category: Audit

Audit

Counting and Auditing the Warehouse Inventory

Typically, the small and private businesses will appoint in-house auditors or engage an audit firm in Johor Bahru to perform an internal inventory audit every year. Their warehouse inventories may be in either an onsite or an offsite place. Although the procedures for valuing and counting inventories can be similar to that of those public […]

Audit

Procedures of Field Audit for Inventory Audits

In an inventory audit, a visual inspection can be crucial for all companies regardless of the field of their business. The expenses for inventory may make a significant contribution to the operating expenses of a company (Also see Should You Include Cost of Goods Sold (COGS) as Expenses?). Therefore, it has to ensure that it […]

Audit

How to Plan for Internal Audits Schedule Based on the Risks?

Besides having a financial audit that an audit firm in Johor Bahru will conduct for the companies, business owners should also schedule internal audits for their business. Big and complex companies may have an internal audit department. Internal audits are crucial in tracking the efficiency of the internal processes and controls of a company. When […]

Audit

Criteria That Auditors Should Cover in a Restaurant Audit

There are a lot of reasons for restaurants to undergo audits, which may include the review of its design and facilities, as well as menu evaluation. Among all, the most crucial aspect that the auditor from audit firms in Johor Bahru should look into is health and safety because this aspect reflects the well-being of […]

Audit

Types of Audit – Eligibility Audits

Besides getting a financial audit from an audit firm in Johor Bahru, business owners should also perform eligibility audits in their company to assess whether the dependents that they offer benefits to are still eligible to receive those benefits. Ineligibility for Given Benefits When a company offers the benefits to its employees’ families, it only […]

Audit

Ways to Conduct an Accounts Payable Audit

In an internal audit (Also see Types of Audit – Eligibility Audits), the accounts payable audit can be the only focus or a significant portion of the full audit. Generally, the audit strategies for accounts payable audit has not much difference compared to other audits. However, the reasons for having an accounts payable audit have […]

Audit

What are the Current Audit Files and Permanent Audit Files?

For audit firms in Johor Bahru, the quality management of the firm may include their efficiency of filing audit documents. Classifying current audit files and permanent audit files can be crucial as this ease the process of auditing since the auditors could find the documents they need quickly. Current Audit Files A firm will keep […]

Audit

Introduction to Audit

Basically, audit refers to a test on financial reports or other reports by an independent individual or organisation where they will express their opinion according to the facts of their review. The auditors from the audit firms in Johor Bahru can provide the companies with different types of audit and levels of assurance. For instance, […]

Audit

What is an Internal Audit?

Internal Audit As a business owner, unless your company is dormant, zero-revenue or threshold qualified, you need to engage an audit firm in Johor Bahru to conduct an external audit annually (Also see Introduction to Audit). Meanwhile, you may carry out internal audits in your firm for early detection of any problems or issues that […]