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Q: Why auditor use framework?
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What is Low-balling in audit fee?

Low balling in audit fee is happened when an auditor offers a lower fee than current auditor. The successor auditor does not expect to obtain much benefit in first year as its fee is very law, but successor auditor expects to obtain more benefits in next year.


Who is Walt Disney company external auditor?

PricewaterhouseCoopers


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.


An auditor maintains no direct financial interest in the company he or she is auditing what is the principle being followed is?

Independence


Can statutory audit be done after tax audit?

Statutory Audits are those mandated by a statute. So by that definition even tax audit is a statutory audit.The management of the organization makes the appointment of an internal auditor. The statutory auditor is appointed by different authorities. First statutory auditors are appointed by the shareholders in the annual general meeting. The main object of the statutory audit is to form an opinion on the financial statement of the organization auditor has to state that whether the financial statements are showing the true and fair view of the affairs of the organization or not. The main object of the internal audit is to detect and prevent the errors and frauds.The scope of the statutory audit is fixed by the company act. it can not be changed by mutual consent between the auditor and the management of the audited business unit. The scope of the internal audit is fixed by the mutual consent of the auditor and the management of the unit under audit.

Related questions

What should a government auditor use?

The auditor should use professional judgment in planning and performing all audits


What is the function of the auditor Be Imba?

The Be Imba! Character Auditor is a program that people can use for the online game "World of Warcraft". The function of the auditor is to assist players with the setup of their characters.


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.


How do you find the local assessor's website?

Use a search engine... type in the name of your county and then auditor... Example Montgomery County Auditor


What various defenses may auditor use in defending against a suit brought by a client?

An auditor may defend against a suit brought by a client by showing that they conducted the audit in accordance with professional standards, that the client's losses were not caused by the auditor's actions, or that the client failed to provide accurate information. Additionally, the auditor may argue that the client's claims are time-barred or that the damages claimed are unreasonable.


How do you use the word framework in a sentence?

Your skeletal system is the framework of your body. The diplomats worked to establish a framework for future international agreements.


Why dot net framework need?

Without the Framework, you would have to write all classes that you use from it, manually. The Framework is a set of precompiled classes that you can use to make your programming life easier and to realise your applications.


What types of jobs will lead auditor training get me?

Lead auditor is a great way to develop a job as an auditor. This auditor training is a great way to become a auditor for energy that is being used by a company or individual.


What is a temporary framework that builders use?

scaffold


What is a sentence using auditor?

The auditor came to inspect their books.


Who is the auditor for Facebook.?

Ernst and Young is the auditor of Facebook Inc.


What is a female auditor called?

An auditor - the term is not gender specific.