Psa Notes March 19.docx

Public sector audit 3/19/2019 You have to know the risk appropriate with the types of the risk. Opinion from auditor like (unqualified opinion/ adverse opinion/ disclaimer/etc) it for guarantee. Actually there are somany ways/ formula to measure the risk, you can find the types of risk in public sector audit. Lets explore by discussion

There is difference from business sector which is implement accounting standard, but public sector audit is hard to implement accounting standard. There is no profit but there should be fisien and effective. For example rector uii, in business sector look the financial statement or P/L. We have to determine that it is business sector/ social corporate/ public sector/ etc.. for all types of business sector just have one performance indicator that is profit. Public sector entities have indicator for ex how the program will be effective, economics, efisiensi. Not getting money Difference between private and public sector audit : the nature, regulator, user is differences