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Why is it importance for auditors stipulating the page numbers in an audit?
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What is the function of the UK's Audit Commission?
The primary function of the UK's Audit Commission is to appoint auditors to a range of local public bodies in England, set the standards for auditors and oversee the work of auditors. This is a statutory corporation in the UK.
Who Perform operational audit?
internal auditors perform an operational audit as part of their assurance services they render to oganisations.
What is audit planing memorandum?
Audit planning memorandum is written document prepared by auditors for recording all the findings and working during audit process.
Difference between internal and external audit?
An internal audit is done by the company itself. An external audit is done by auditors not under the influence of the company being audited.
Why is it difficult to perform a truly indpendent audit?
It is difficult to perform a truly independent audit because auditors will have their own biases. Also, auditors are paid by someone and may feel inclined to provide reports that favor the one paying them.
Why is it necessary for the auditors to stipulate the page numbers?
Stipulating page numbers in audit reports helps ensure clarity and accuracy by allowing readers to easily locate specific information or findings. It helps auditors reference supporting documentation and assists stakeholders in understanding the context of the audit findings.
What is the function of the UK's Audit Commission?
The primary function of the UK's Audit Commission is to appoint auditors to a range of local public bodies in England, set the standards for auditors and oversee the work of auditors. This is a statutory corporation in the UK.
What is auditors remuneration?
The audit fee payed by client to the auditor.
Who audits pwc?
The internal audit of PwC is carried out by auditors of PwC itself, while an external audit will have to be carried out by external auditors. But external audits are only valid for public listed companies.
Who performs an operational audit?
internal auditors perform an operational audit as part of their assurance services they render to oganisations.
Who Perform operational audit?
internal auditors perform an operational audit as part of their assurance services they render to oganisations.
What is audit planing memorandum?
Audit planning memorandum is written document prepared by auditors for recording all the findings and working during audit process.
Is pre audit is a internal audit function?
Yes pre audit is the responsibility of internal audit department as external auditors are only auditing the activities after end of fiscal year when everything is complete.
Difference between internal and external audit?
An internal audit is done by the company itself. An external audit is done by auditors not under the influence of the company being audited.
Why is it difficult to perform a truly indpendent audit?
It is difficult to perform a truly independent audit because auditors will have their own biases. Also, auditors are paid by someone and may feel inclined to provide reports that favor the one paying them.
Who are the auditors for Enterprise Rent-a-car?
I believe the external auditors are Ernst & Young. Keep in mind, Enterprise also has an internal audit department that does a fantastic job.
What is Final Audit?
Final audit is conducted by the statutory auditors after the close of the financial period with a view to prepare the financial statements & audit report to be presented to the Board of Directors and to be filed with statutory authorities.
