Office News

A legal letter is a written confirmation requested from the company’s lawyer about pending or threatened litigation and disputes, and the contingent liabilities arising from them. It is how the

At companies with significant inventories the auditor attends the physical stock count: checking how the count is organised, taking their own sample to recount quantities, and watching the year-end cut-off.

Materiality is the threshold above which a misstatement could influence the decisions of the users of the financial statements. The auditor sets a materiality level during planning and measures the