Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.



Question

Scope of an Audit covers:

a) Only financial statements and not the whole annual report.

b) Scope of an Audit does not assure the efficiency and effectiveness of management and those charged with governance.

c) Audit does not assure the future viability of the entity.

d) Audit opinion does not cover an OPINION on the Internal Controls of the audit client, however, external auditor considers internal controls in order to design [...] to determine the audit risk and to express an opinion on the financial statement of the audit client.

e) Audit covers additional matters, only, if local laws and regulations require the auditor to do so.

f) Performing audit procedures to obtain sufficient appropriate audit evidence (S.A.A.E) to verify the financial statements.

g) Evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management

Answer
audit procedure

Question

Scope of an Audit covers:

a) Only financial statements and not the whole annual report.

b) Scope of an Audit does not assure the efficiency and effectiveness of management and those charged with governance.

c) Audit does not assure the future viability of the entity.

d) Audit opinion does not cover an OPINION on the Internal Controls of the audit client, however, external auditor considers internal controls in order to design [...] to determine the audit risk and to express an opinion on the financial statement of the audit client.

e) Audit covers additional matters, only, if local laws and regulations require the auditor to do so.

f) Performing audit procedures to obtain sufficient appropriate audit evidence (S.A.A.E) to verify the financial statements.

g) Evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management

Answer
?

Question

Scope of an Audit covers:

a) Only financial statements and not the whole annual report.

b) Scope of an Audit does not assure the efficiency and effectiveness of management and those charged with governance.

c) Audit does not assure the future viability of the entity.

d) Audit opinion does not cover an OPINION on the Internal Controls of the audit client, however, external auditor considers internal controls in order to design [...] to determine the audit risk and to express an opinion on the financial statement of the audit client.

e) Audit covers additional matters, only, if local laws and regulations require the auditor to do so.

f) Performing audit procedures to obtain sufficient appropriate audit evidence (S.A.A.E) to verify the financial statements.

g) Evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management

Answer
audit procedure
If you want to change selection, open original toplevel document below and click on "Move attachment"

Parent (intermediate) annotation

Open it
future viability of the entity. d) Audit opinion does not cover an OPINION on the Internal Controls of the audit client, however, external auditor considers internal controls in order to design <span>audit procedure to determine the audit risk and to express an opinion on the financial statement of the audit client. e) Audit covers additional matters, only, if local laws and regulations require the

Original toplevel document (pdf)

owner: Shaun2099 - (no access) - H1 BasicConcepts.pdf, p5

Summary

statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

Details

No repetitions


Discussion

Do you want to join discussion? Click here to log in or create user.