INTI ACCA CLUB (IAC)

Test of control (TOC) or compliance testing is an audit procedure that aims to test whether the company's internal control systems are o...

Substantive procedures are audit procedures that are done to test whether financial statement assertions are being met . As stated in earlie...

There are so many things that the auditors do in every audit engagement. Firstly, there are two broad types of audit procedures: 1. Test of ...

Diversification is where the company invests in other businesses, maybe in other industry, thus holding a portfolio of different investments...

Here are a list of risks that have not been asked or focused in P1 past exam. 1. Political risk - risk due to political instability and ari...

One of the key areas in accounts receivable management is credit analysis. This is done before granting credit to the customers and the main...

Currently, we can see that accountant has started to change role to become a hybrid accountant. Hybrid accountant has both accounting knowl...