Auditing standards differ from auditing procedures in that procedures relate to a. Audit judgments. b. Audit principles. c. Acts to be performed. d. Measures of performance.

Question

Auditing standards differ from auditing procedures in that procedures relate to a. Audit judgments. b. Audit principles. c. Acts to be performed. d. Measures of performance.

Auditing standards differ from auditing
procedures in that procedures relate to
a. Audit judgments.
b. Audit principles.
c. Acts to be performed.
d. Measures of performance.

asked Oct 31, 2021 by shubhhw

1 Answer

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Last Answer : Financial statement assertions

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Last Answer : The systems approach focuses on testing controls to make sure they are effective, while the substantive approach is the detailed testing of specific accounts for accuracy

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Last Answer : Document that provides an overview of the company and a general plan for the audit work to be accomplished, timing of the work, and other matters of concern to the audit

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Last Answer : Identifying unusual conditions that deserve more auditing effort

After an auditor had been engaged to perform the first audit for a nonpublic entity, the client requested to change the engagement to a review. In which of the following situations would there be a reasonable basis to comply with the client's request? a. Management refused to sign the client representation letter. b. The client's bank required an audit before committing to a loan, but the client subsequently acquired alternative financing. c. The auditor was prohibited by the client from corresponding with the client's legal counsel. d. The auditing procedures were substantially complete and the auditor determined that an unqualified opinion was warranted, but there was a disagreement concerning the audit fee.

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Last Answer : The client's bank required an audit before committing to a loan, but the client subsequently acquired alternative financing.

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Last Answer : Carry out those procedures of an audit nature to which the auditor and the entity and any appropriate third parties have agreed and to report on factual findings

Which of the following statements is a standard applicable to financial statement audits in accordance with Government Auditing Standards? a. An auditor should briefly describe in the auditor's report the method of statistical sampling used in per forming tests of controls and substantive tests. b. An auditor should report on the scope of the auditor's testing of internal control. c. An auditor should determine the extent to which the entity's programs achieve the desired level of results. d. An auditor should assess whether the entity has reportable measures of economy and efficiency that are valid and reliable.

Description : Which of the following statements is a standard applicable to financial statement audits in accordance with Government Auditing Standards? a. An auditor should briefly describe in the auditor's ... whether the entity has reportable measures of economy and efficiency that are valid and reliable.

Last Answer : An auditor should report on the scope of the auditor's testing of internal control.

.In financial statement audits, the audit process should be conducted in accordance with a. The audit program b. Philippine Accounting Standards c. Philippine Standards on Auditing d. Philippine Financial Reporting Standards

Description : .In financial statement audits, the audit process should be conducted in accordance with a. The audit program b. Philippine Accounting Standards c. Philippine Standards on Auditing d. Philippine Financial Reporting Standards

Last Answer : Philippine Standards on Auditing

shubhhw · Answer 1 · 2021-10-31T18:27:10+0000

Answer :

Acts to be performed.

answered Oct 31, 2021 by shubhhw

Auditing standards differ from auditing procedures in that procedures relate to a. Audit judgments. b. Audit principles. c. Acts to be performed. d. Measures of performance.

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