In comparison to the external auditor, an internalauditor is more likely to be concerned withа.Accounting systemb. Internal control systemc. Legal complianced. Cost Accounting

Auditing refers to the process of scrutinizing the financial statement of the business entity and…

Answered: In comparison to the external auditor,…

In comparison to the external auditor, an internal auditor is more likely to be concerned with a. Accounting system b. Internal control system c. Legal compliance d. Cost Accounting

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter17: Other Services Provided By Audit Firms

Section: Chapter Questions

Problem 26MCQ

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Concept explainers

Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.

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In comparison to the external auditor, an internal
auditor is more likely to be concerned with
а.
Accounting system
b. Internal control system
c. Legal compliance
d. Cost Accounting

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