The following questions deal with types of audits and auditors. Choose the best response. a. Operational audits generally have been conducted by internal auditors and govern- mental audit agencies but may be performed by certified public accountants. A pri- mary purpose of an operational audit is to provide (1) a means of assurance that internal […]
TYPES OF AUDITORS Identify the primary types of auditors.
Describe auditing. 1-2 Distinguish between auditing and accounting. 1-3 Explain the importance of auditing in reducing information risk. 1-4 List the causes of information risk, and explain how this risk can be reduced. 1-5 Describe assurance services and distinguish audit services from other assurance and nonassurance services provided by CPAs. 1-6 Differentiate the three main […]
The following questions require you to access AICPA standards (www.aicpa.org), PCAOB auditing standards (pcaobus.org), and IAASB auditing stan- dards (www.iaasb.org). a. Your audit supervisor stated it was important for you to understand AU-C 315. Which organization is the source of the standard? What is the subject of the standard? b. The PCAOB website has a […]
Financial analysts ratio, investors, lenders, auditors, to help review and evaluate a company’s financial statements Regarding to activity ratios, do the two companies efficiently leverage their resources to generate sales revenue and cash? How do the two companies utilize accounts receivable and inventory to generate sales? C1. Read the notes to 10-K and figure out […]
You are required to write a 1500 word essay that evaluates how data analytics can be used by auditors to improve the quality of their audits.
