ASSESSMENTS AND RECOMMENDATIONS FOR IMPROVING THE AUDIT OF ACCOUNTS PAYABLE IN FINANCIAL AUDITS CONDUCTED BY ASIAN AUDITING COMPANY LIMITED 3 1 Assessments of the audit of accounts payable in financia.
CHAPTER : ASSESSMENTS AND RECOMMENDATIONS FOR IMPROVING THE AUDIT OF ACCOUNTS PAYABLE IN FINANCIAL AUDITS CONDUCTED BY ASIAN AUDITING COMPANY LIMITED 3.1 Assessments of the audit of accounts payable in financial audits process conducted by ASIAN AUDITING COMPANY LIMITED 3.1.1 Strengths a) Regarding the way to access the market: In the competitive market economy, in order to survive and develop, the company is always actively looking for customers by sending greetings to new customers and maintaining relationships with traditional customers In this way, the company will introduce new customers to the company and the types of services it provides as well as the accompanying quality, in addition to maintaining the next year's audit contracts with the customers Secondhand goods In the context of the developed economy, many young businesses have sprung up, the understanding of law, accounting, auditing is still limited Therefore, it is very useful to actively send offers to these new customers, both to expand the company's market share, and to create conditions to support new businesses in business, contributing to the development of the economy b) About the audit program: The company has designed a sample audit program for each specific audit practice, the contents of the work to be performed are consistent with the requirements and auditing standards For the item AP to Suppliers, a separate audit program has been developed, which guides the steps of the work to be done, the documents to be collected The sample audit program helps the audit work to be conducted in a scientific and effective manner, without omitting the work steps, collecting sufficient appropriate audit evidence, and meeting the requirements of an audit audit For new employees, the audit program helps employees to have orientation and not be confused while conducting the audit The sample audit program at ASA is updated annually based on the experiences that the auditors have gathered during the audit process and revised in line with changes