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Kaushal RaichuraKaushal Raichura asked 1 year ago

Sir Please explain this concept, like what does this actually mean and how to remember it.

1 Answers
RaviRavi Staff answered 1 year ago

company may be taking lot of services from service organisation like security, cleaning, AC maintenance, training, accounting entries, accounting records maintenance, computing estimates etc
not all service are relevant and looked into by auditor
only those services which are relevant to prepare financial statements are relevant for audit also
they have explained factors, matters which are generally relevant for financial statements

not possible to explain each and every factor here, we have covered it in class also fadu chartbook with shortcut 

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