Publication:
Fundamentals of Financial Statements Audit

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-03-28T15:46:04Z
dc.date.available2013-03-28T15:46:04Z
dc.date.issued2011-05
dc.description.abstractThe purpose of an audit is to enhance the degree of confidence of intended users in the financial statements. The objective of an audit of financial statements is to enable an auditor to express an opinion as to whether the financial statements are prepared, in all material respects, in accordance with International Financial Reporting Standards or another identified financial reporting framework. The auditor's opinion is expressed in by using the phrase 'give a true and fair view' or 'present fairly, in all material respects'. The auditor and the client's management have separate and distinct responsibilities. The auditor is responsible for forming and expressing an opinion on the financial statements. The client's management, on the other hand, bears responsibility for preparing and presenting the financial statements. Management's responsibilities are not relieved by the fact that the statements are audited. An auditor must comply with general principles of an audit. These require an auditor to: 1) comply with the 'Code of Ethics for Professional Accountants' issued by the IFAC (or a national Code of Ethics, where appropriate); 2) conduct an audit in accordance with International Standards on Auditing (ISAs) (where applicable); and 3) plan and perform the audit with an attitude of professional skepticism, recognizing that circumstances may exist that cause the financial statements to be materially misstated.en
dc.identifierhttp://documents.worldbank.org/curated/en/2011/05/16342054/fundamentals-audit-financial-statements
dc.identifier.doi10.1596/13023
dc.identifier.urihttps://hdl.handle.net/10986/13023
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNT
dc.subjectACCOUNTANT
dc.subjectACCOUNTANTS
dc.subjectACCOUNTING
dc.subjectACCOUNTING PERIOD
dc.subjectACCOUNTING POLICIES
dc.subjectACCOUNTING RECORDS
dc.subjectACCOUNTING STANDARDS
dc.subjectACCOUNTING SYSTEMS
dc.subjectACCOUNTS
dc.subjectACCOUNTS PAYABLE
dc.subjectACCOUNTS RECEIVABLE
dc.subjectACCRUED EXPENSES
dc.subjectACQUISITIONS
dc.subjectASSET BASE
dc.subjectAUDIT ENGAGEMENTS
dc.subjectAUDIT EVIDENCE
dc.subjectAUDIT OBJECTIVES
dc.subjectAUDIT REPORTS
dc.subjectAUDIT RISK
dc.subjectAUDITED FINANCIAL STATEMENTS
dc.subjectAUDITING
dc.subjectAUDITING STANDARDS
dc.subjectAUDITORS
dc.subjectAUDITORS REPORTS
dc.subjectAUDITS
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBANK ACCOUNT
dc.subjectBIDS
dc.subjectBUDGETING
dc.subjectBUSINESS DEVELOPMENTS
dc.subjectBUSINESS PROCESSES
dc.subjectBUSINESS RISKS
dc.subjectCAPITAL STOCK
dc.subjectCARRYING VALUE
dc.subjectCASH FLOW
dc.subjectCHECKS
dc.subjectCONFIDENTIALITY
dc.subjectCONFIRMATIONS
dc.subjectCREDITORS
dc.subjectCURRENCY
dc.subjectCUSTODY
dc.subjectDEBT
dc.subjectDEBT AGREEMENT
dc.subjectDEBT AGREEMENTS
dc.subjectDEBT DISCLOSURES
dc.subjectDEBTS
dc.subjectDEPOSIT
dc.subjectDEPRECIATION
dc.subjectDIVESTMENTS
dc.subjectDOCUMENTATION REQUIREMENTS
dc.subjectEQUIPMENT
dc.subjectEQUITY CAPITAL
dc.subjectETHICAL BEHAVIOR
dc.subjectEXCHANGE RATES
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL REPORTING
dc.subjectFINANCIAL REPORTING STANDARDS
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SERVICES INDUSTRIES
dc.subjectFINANCIAL STATEMENT
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCING ARRANGEMENTS
dc.subjectFIXED ASSETS
dc.subjectFRAUD
dc.subjectFRAUD RISK
dc.subjectHUMAN RESOURCES
dc.subjectINCOME
dc.subjectINDEBTEDNESS
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINTEREST EXPENSE
dc.subjectINTERNAL AUDIT
dc.subjectINTERNAL AUDITING
dc.subjectINTERNAL AUDITORS
dc.subjectINTERNAL CONTROL
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVENTORIES
dc.subjectINVENTORY
dc.subjectINVENTORY ACCOUNTING
dc.subjectLEGAL ENVIRONMENT
dc.subjectLEGISLATIVE ENVIRONMENT
dc.subjectLIABILITY
dc.subjectLIQUIDITY
dc.subjectLONG TERM DEBT
dc.subjectLONG-TERM DEBT
dc.subjectMARKETING
dc.subjectMERGERS
dc.subjectMONETARY ASSETS
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPHYSICAL ACCESS
dc.subjectPROFIT MARGIN
dc.subjectPURCHASING
dc.subjectQUALITY CONTROL
dc.subjectREGULATORS
dc.subjectREGULATORY REQUIREMENTS
dc.subjectREMITTANCE
dc.subjectRETURN
dc.subjectRETURN ON ASSETS
dc.subjectRETURNS
dc.subjectRISK ASSESSMENT PROCESS
dc.subjectRISK ASSESSMENTS
dc.subjectRISK CONTROL
dc.subjectRISK MANAGEMENT
dc.subjectSALES
dc.subjectSEGREGATION OF DUTIES
dc.subjectSHARE PRICES
dc.subjectTAX
dc.subjectTOTAL DEBT
dc.subjectTRANSACTION
dc.subjectTURNOVER
dc.subjectTURNOVER RATIOS
dc.subjectUNRECORDED DEBT
dc.subjectVALUATION
dc.subjectVALUATIONS
dc.subjectVOLATILITY
dc.subjectWAREHOUSE
dc.titleFundamentals of Financial Statements Auditen
dspace.entity.typePublication
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.date.disclosure2012-06-06
okr.date.doiregistration2025-05-07T11:53:24.521936Z
okr.doctypeEconomic & Sector Work::Other Financial Accountability Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2011/05/16342054/fundamentals-audit-financial-statements
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid510261468175778715
okr.guid629051468312647956
okr.identifier.externaldocumentum000333038_20120607011639
okr.identifier.internaldocumentum16342054
okr.identifier.report69360
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/06/07/000333038_20120607011639/Rendered/PDF/693600ESW0whit0be0ISA0Training0text.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryTajikistan
okr.sectorFinance :: Micro- and SME finance
okr.sectorFinance :: General finance sector
okr.themeFinancial and private sector development :: Other financial and private sector development
okr.themeFinancial and private sector development :: Small and medium enterprise support
okr.topicPrivate Sector Development::Competitiveness and Competition Policy
okr.topicPrivate Sector Development::Business Environment
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Business in Development
okr.topicPrivate Sector Development::Emerging Markets
okr.unitWorld Bank Office: Vienna (ECCAT)
okr.volume1 of 1
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