Improve the audit process of cash and cash equivalents in financial audit at Grant Thornton Vietnan

Abstract

Cash and cash equivalents as these items are always available in all business units, regardless of the type of ownership, the scale, or the function of the unit. The thesis provide theoretical framework for auditing cash and cash equivalents in the financial statements and evaluate the methodology applied in Grant Thornton Vietnam to perform audit for cash section. In order to finish the thesis, the author use observational and descriptive method. The data is collected from standards, regulations from VAS, Circular and from practical work at Grant Thornton Vietnam. Through the research, the author find out that the general audit procedures for cash performed by Grant Thornton is quite standard; therefore it helps to ensure the high quality in each audit engagement. However, it still exist some limitations about the design and implementation of test of control. The findings of the thesis is applying analytical procedure in the process will help the auditor identifying the differences in information and reduce the work needed.