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Author Question: In order to properly plan and perform an audit, an important fact for both the auditor and the ... (Read 51 times)

byomi

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Question 1

Historically, auditing standards have been organized into three categories, including
◦ standards of field work.
◦ purpose of an audit.
◦ responsibilities of the auditor.
◦ proper planning and supervision.

Question 2

In order to properly plan and perform an audit, an important fact for both the auditor and the client to understand is that
◦ the internal control policies and procedures are developed by the auditors.
◦ the purpose of an audit is to prevent fraud.
◦ management is responsible for the preparation of the financial statements.
◦ management can restrict the auditor's access to important information relevant to the financial statements.


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Marked as best answer by byomi on Aug 21, 2022

Burly

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byomi

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)


vickyvicksss

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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