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What is internal audit audit evidence?
internal audit evidence is all the information the auditor relies on to arrive at any conclusion.
What are the sources of audit evidence?
management evidences and direct conformation evidence
What is the importance of marketing audit in an organization?
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What are the disadvantages of audit evidence?
Audit evidence can be limited by factors such as its reliability and relevance, which may affect the overall quality of the audit. Additionally, obtaining sufficient and appropriate evidence can be time-consuming and costly, potentially leading to resource constraints. There is also the risk of misinterpretation or bias in evaluating the evidence, which could result in inaccurate conclusions. Lastly, some evidence may be inherently subjective, making it difficult to establish clear audit findings.
Which is not an technique for collecting evidence during the ethic audit?
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What is audit procedures?
Audit procedure is the process followed while auditing an entity which may include:Confirm the audit assignmentComplete appropriate planningExecute actual internal audit workDevelop a report
Why is it difficult to gather audit evidence?
because their is a lot of people\]
What is inconclusive audit?
An inconclusive audit is one in which the evidence presented is not definite under the specific requirements needed. Information that may be conclusive in other situations can sometimes be inconclusive during an audit.
What are flint's audit postulates?
Flint's audit postulates are a set of principles that guide the conduct of audits to ensure their effectiveness and reliability. They emphasize the importance of independence, objectivity, and professional skepticism in the audit process. Additionally, the postulates highlight the need for comprehensive planning, thorough evidence gathering, and clear communication of findings to stakeholders. These principles aim to enhance the credibility and integrity of the auditing profession.
What does reliability mean in terms of audit evidence?
it meens you have to be accurateit meens you have to be accurate
Explain the importance and objecties of management audit?
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What are purpose of audit working paper?
Working papers are the evidence of work done by the auditor, he should prepare working papers in order to provide evidence that audit was properly performed according to ISA standards. Working papers support auditor, in-case he is being sued in court by the client, for negligence of audit work.
