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What is the second broad type of audit performed by it auditor in addition to it general control on all form of it audit project when required?
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An auditor selected an inventory item on the warehouse floor test counted it and traced the count to the final inventory compliation The auditor most likely was testing the?
The Auditor was maybe testing the warehouse inventory counts and who maybe in control on the inventory control
Why auditor's reports are important to users of financial statement?
to control the finance activitiies
Why is it necessary for auditors to assess internal internal control processes?
why is it necessary for the auditor to assess the internal contol processess
What is the importance internal auditor for an organization?
We can understand the importance of an internal auditor by understanding internal auditing. Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.
What does reasonable assurance mean in audit function?
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.
An auditor selected an inventory item on the warehouse floor test counted it and traced the count to the final inventory compliation The auditor most likely was testing the?
The Auditor was maybe testing the warehouse inventory counts and who maybe in control on the inventory control
What is the duty of an auditor?
Duties of internal auditor is to overview the internal control system in company to ensure sound internal control systems. Duty of external auditor is to examin the books of accounts and give verdict about true and fair nature of books of accounts.
What are the objective of an auditor?
auditors analyze,investigate and control all the companies transactions..
Why auditor's reports are important to users of financial statement?
to control the finance activitiies
What are different ways to understand internal control over Inventories?
SAME HERE
Why is it necessary for auditors to assess internal internal control processes?
why is it necessary for the auditor to assess the internal contol processess
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.
What movie and television projects has Val Nwigwe been in?
Val Nwigwe has: Performed in "Trinity" in 2005. Performed in "Trinity 2" in 2005. Performed in "Political Control" in 2006. Performed in "Political Control 2" in 2006. Performed in "Political Control 3" in 2006.
What is required to maintain control on a PWC?
The power to the jet-drive is required to maintain steering control on a PWC.
What movie and television projects has Bassey Ekpo Bassey been in?
Bassey Ekpo Bassey has: Performed in "Love Entangle" in 2003. Performed in "Unconditional Love" in 2003. Performed in "Total Control 3" in 2006. Performed in "Total Control" in 2006. Performed in "Total Control 2" in 2006.
Why an external auditor should be concerned over internal control?
Good internal controls tell the auditor that the accounting system has the integrity to make him believe that the information he obtains for the reports can be reasonably relied upon to present fairly the results of the company's operations and the balance of assets.
What is required to maintain steering control on a PWC?
The power to the jet-drive is required to maintain steering control on a PWC.
