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What is the auditor's responsibility for finding error and fraud?
identified by the client
Can a properly designed and executed audit may not detect material fraud?
Not necessarity there are many techniques in auditing and any fraud cannot go unidentified or unnoticed if its audited by a certified auditor as they will have to undergo a training and work under a Qualified Auditor for a few years. They will learn both, how to do a fraud and how to detect them too. A material fraud can be identified very easily.
What are the duties of the auditor general of the federation?
The function of the Auditor General of the federation include detection and prevention of fraud, being in attendance during public accounts committe meetings, e.t.c
What sort of training does a county auditor usually have?
A county auditor typically is a CPA with public and/or governmental accounting experience. Usually there is a minimum 5 year experience required for a county auditor position.
What is auditer report?
An audit report is an opinion that is written by an auditor to show if the financial statements are correct. The auditor will indicate if they state the true financial position of the company.
How much does a qa auditor make?
The average annual salary for a quality assurance auditor in the United States is $63,000. The average annual salary for this position in San Francisco is $86,000.
How can the auditor be useful in achieving the objectives of a Charitable Trust or Society and a Cooperative Society.What is the legal position under the relevant status.?
How can the auditor be useful in achieving the objectives of a Charitable Trust or Society and a Cooperative Society.What is the legal position under the relevant status.?
What are the components of expectation gap?
Expectation gap caused by unrealistic user expectations such as:1. The auditors are providing complete assurance.2. The auditor is guaranteeing the future viability of the entity .3. An unqualified audit opinion is an indicator of complete assurance.4. The auditor will definitely find any fraud.5. The auditor has checked all transactions.
What are the components audit expectation gap?
Expectation gap caused by unrealistic user expectations such as:1. The auditors are providing complete assurance.2. The auditor is guaranteeing the future viability of the entity .3. An unqualified audit opinion is an indicator of complete assurance.4. The auditor will definitely find any fraud.5. The auditor has checked all transactions.
What are the Components of audit expectation gap?
Expectation gap caused by unrealistic user expectations such as:1. The auditors are providing complete assurance.2. The auditor is guaranteeing the future viability of the entity .3. An unqualified audit opinion is an indicator of complete assurance.4. The auditor will definitely find any fraud.5. The auditor has checked all transactions.
Why an auditor should not prepare the financial statement and then express an opinion Also the standards to which this relates?
The auditor is the person who assesses whether the financial statement has been prepared accordingly or not. Firstly it is not the role of the auditor to prepare the financial statement as the auditor has to form an independent opinion. Secondly, it would be part of internal control and corporate governance activities for the preparation of the financial statement and the audit to be conducted be two separate parties to eliminate error or fraud.
Is words auditor means internal auditor?
No. The word auditor doesn't only mean an internal auditor but also an external auditor. An auditor could be an internal or an external auditor. In most cases simply an auditor means an external auditor.
