Question

Discuss the differences between auditing a service company and a manufacturing company. What adjustments need to be made to the audit planning if it was a service company that was audited?

Answer 1

answer:

• Inspecting of Service Company and Manufacturing Company varies in some way.
• For instance representing stock in done just in assembling organization and not in Service Company.
• Regardless of whether benefit impose is paid auspicious and return has been documented is examined in administration organization as it were.
• Tank installments and tank returns are checked just for the assembling organization as it were.
• The extent of review changes as per the idea of work.In instance of an assembling worry there is a physical item accessible , the review trail will pivot around the assembling procedure and other related process.
• Anyway if there should be an occurrence of administration it isn't unmistakable, we need to depend on outside affirmations and administration review.
• In mfg review physical confirmation of stock can be taken so it gets less demanding to set up the execution.
• in any case, if there should be an occurrence of an administration review no physical confirmation can occur.
• Outside affirmations is more essential for this situation