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The key concept is "reasonable" assurance. The auditor does not provide absolute assurance, because this is not attainable due to factors like the need for judgment, the use of testing, the inherent limitations of internal control and the fact that audit evidence is generally persuasive rather than conclusive.
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What do you mean by system audit?
System audit is a process of checking and illustrating a system.
What does MLC mean as it pertains to an audit?
Management Letter Comment
What is scoop of audit?
Do you mean "scope of the audit"?? If so, the scope of the audit is the objective...what are you trying to verify? It could be a restricted scope in that you are looking at only a few specific items or full scope where you look at everything from cradle to grave, including all incomes and expenses.
How many years in a row can the IRS audit you if they found nothing wrong in previous audit's?
They can audit you as many times as they want, and even more than once in a year. No matter how many years they looked at an issue and approved it, that does not mean it is acceptable handling and they can challenge it at any subsequent year.
What does reliability mean in terms of audit evidence Give an Example?
It's the ability of an auditor to give a comprehensive, logical and convincing audit report. A good example of where reliability applies is in cases where there is change in files and backup files are unavailable.
How applied the audit procedure in PIA?
audit procedure we mean that those petren in which we prepare the audit report.
What do you mean by system audit?
System audit is a process of checking and illustrating a system.
What is sales audit trial?
I assume you mean "audit trail". An audit trail is any system set up to check who did what, and when.
What does diacap mean?
DoD InfDoD Information Assurance Certification and Accreditation Programormation Assurance Certification and Accreditation Program
What does the medical abbreviation QA mean?
quality assurance
What does MLC mean as it pertains to an audit?
Management Letter Comment
What does it mean to audit a class?
You take the class without earning credit.
What does mean to Audit a class?
You take the class without earning credit.
What does reliability mean in terms of audit evidence?
it meens you have to be accurateit meens you have to be accurate
What does QA and QC mean?
* QA = Quality Assurance * QC = Quality Control
What does self assurance mean?
You are confident in your own ability
What does reasonable mean in a test?
it is but chkeas
