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are you able to help me my advanced auditing assignment it is tuesday and it is due friday i have worked hard on it but i am struggling with
statutory audit is a mandatory audit done by a ca finance audit is conducted by the ca to compliance the legal supplies of monitory issues if the
the core principles of financial internal control are explained here accounting and financial operations can be separated and the main purpose is the
an audit helps stay track of where the currency or money is going and makes sure the money is going anywhere it is believed to and not in
Understanding planning stage of the audit process: Rreview of client business and perform audit risk analysis, Perform overall analytical procedures to identify significant changes in the financi
What do you mean by an internal check? Write down the principles of an effective internal check system?
What is meant by interim audit? Write down its advantages?
Describe the main issues in respect of auditing in an EDP environment.
Illustrate out the scope and objectives of the internal audit. Discuss the role of internal auditor as a fundamental part of management.
“Past costs are indeed relevant in most instances since they provide the point of departure for the overall decision process.” (Managing Director).
List and illustrate briefly the stages through which a performance or operational review progresses.
Why is each purchase invoice not sent with goods to Goods Received Department? Why should the Goods Received Department not admit goods where there is no purchase order?
List and describe four assertions about classes of transactions and events for period under audit. How do control risk and inherent risk distinct from detection risk?
Illustrate the objectives of the independent audit. Recognize five (5) ways in which the independent audit might be beneficial to Kevin Black.
You’re required to describe the duties and powers of Director of Audit under the Constitution of Mauritius and Finance and Audit Act 1973.
Recognize and briefly describe five (5) different types of red flags which specify the potential for financial statements fraud.
For each of following independent situations, point out the type of financial statements audit report which you would issue and briefly describe your reasoning. Suppose that each item is important.
Each of the following and circumstances involves the possible violation of Code of Ethics. Indicate whether each situation violates Code and if so, why?
List all the four (4) major evidence decisions which should be made on every audit. Recognize the six (6) main characteristics which determine the reliability of evidence.
Assess and discuss her decision to significantly diminish the substantive tests of details of balances at year-end.
Recognize whether each procedure is test of control or a substantive test of transaction. Describe which transactions-related objectives each of above audit procedures fulfils.
Group management might need to keep certain material sensitive information confidential. State all four examples of matters that may be significant to the financial statements of component of which
Discuss and illustrate out the auditor’s and management’s responsibilities for prevention and detection of fraud. Describe and illustrate out four (4) risk factors which are particularly r
Illustrate out the objective of audit of a bank’s financial statements. Illustrate out and discuss how the need to process high volumes of transactions accurately within a short time might con
Define the term control environment? Why is it significant to an entity?