Friday, March 15, 2013

Audit Evidence- Firm's Minutes & Resolutions

Examining Firm's Annual General Meeting minutes & resolutions, Directors' Meeting minutes & resolutions, Audit Committee Meeting minutes & resolutions is part of the audit function steps. 
Audit Evidence

By means of examining the business's minutes & resolutions, the auditor should be able to be aware of latest progress / recent changes to the Firm's financial and in business positions. Alterations in business directions will be talked about over the Firm's meetings and reported accordingly.

For this reason, the business's minutes & resolutions serve as a good audit proof for auditor to achieve understanding of the Company's business and it need to be filed in properly.

The auditors, usually, will visit the Firm's corporate secretary office to get the Company's minutes & resolutions.

See Also:
Internal Auditing

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