Industry Specific - Statutory Audit Approach
Real Estate and Construction Audit
There are specific accounting and financial reporting issues related to different types of commercial real estate properties. Comprehensive technical financial reporting needs to take into consideration internal control environments, key transaction cycles and related controls, and areas of risk. Combining knowledge of the most recent accounting pronouncements with an in-depth understanding of the real estate and construction industries
Telecommunication
In Internet Service Provider companies, the audit process is nearly identical to the audit of any other business. However, the audit process in case of Internet service provider companies revolves around Revenue and Capex as well as other areas Here are audit procedure for conducting the effective and efficient audit including the AGR Audit of the Telcom Companies.
Hotel
In hotel business, usually the internal control procedure tends to be weak and ineffective. Therefore, the auditor should carefully evaluate the effectiveness of internal control system in the different areas, before deciding upon audit techniques and methods to be followed in those areas.