9. Describe the purpose of a proposed auditor communicating with the existing or predecessor auditor, and list all information that the proposed auditor should seek.

Q: Direction:  summarize the concept of the following audit considerations. 1. Competence 2. Laws and…

A: Audit considerations are the factors to be considered by the auditor while conducting audit. This is…

Q: Understand the fundamental principle of reporting and identify the basic contents of the auditors’…

A: Audit: Audit is the process of verification of the compliance of the financial statements. It…

Q: Compare and contrast the work of an internal auditor and an independent external auditor.

A: An audit report is provided by the independent external auditor of the company that contains the…

Q: No. 2. What are the similarities and differences between external auditors and internal auditors

A: Auditors have very important roles to play in the accounting and auditors may be external or…

Q: Learn the fundamentals of reporting and identify the essential components of the auditors' report.

A: This question explains about the fundamentals of reporting and the essential components of the…

Q: Discuss the responsibilities of and auditor’s expert.

A: The auditor’s expert refers to the organization or an individual that possesses expertise in a…

Q: Discuss the similarities and differences between the independent external auditors and internal…

A: Internal auditors and external auditors are both types of auditors, but they perform different types…

Q: What are the purposes of the opinion paragraph in the auditor’sreport? Identify the most important…

A: SOLUTION:- The purpose of the opinion paragraph in the auditor’s report is to provide the auditors…

Q: pect to subsequent events, briefly explain the main responsibilities of the external auditors during…

A: Auditing - Financial statement audits or an unbiased review and assessment of a company's financial…

Q: Which of the following type of auditors reviews the routine activities and provide suggestion for…

A: Routine activities are those activities which are carried out by the organization on daily basis.…

Q: Name the record in which the auditor records the audit procedures performed, the relevant audit…

A: Auditing means checking the accuracy and reliability of financial statements. In the process of…

Q: Give me a conclusion paragraph on the role of the auditor

A: The role of an auditor in any organization is of utmost importance. They are responsible for…

Q: Define emphasis-of-matter and other-matter paragraphs. What type of information do auditorsprovide…

A: Emphasis-of-matter: This is a type of paragraph in an auditor's report on the financial statement.…

Q: Describe the fundamental principle ofresponsibilities and how this principlerelates to the…

A:

Q: Briefly discuss any audit evidence that the auditors may consider or may expect during the stage of…

A: Answer:-  Audit:- To ensure that all the departments are using a documented system of documenting…

Q: Name some other types of auditors in addition to external, internal, and governmental auditors.

A: A forensic auditor is a type of auditor other than the external, internal and governmental auditors.

Q: Discuss the duties and responsibilities of a CPA. Consider why independent auditors' reports are…

A: A Certified Public Accountant (CPA) is a certified accounting practitioner who has the Certified…

Q: Who is responsible for initiating the communication between the predecessor and successor auditors?

A:

Q: List five things that are required of an auditor by SSARS for acompilation.

A: SSARS (Statements on Standards for Accounting and Review Services) are the standards issued by the…

Q: The steps in planning an audit includes obtaining an understanding of the entity and its environment…

A: Audit Planning Planning is an important part in conducting the Audit work in the organisation.…

Q: Discuss and describe the basic sections of the Auditor’s Report and explain the significance of the…

A: The basic sections of auditors report & significance of the element included in each section are…

Q: Audit staff member who coordinates similar audit programs.

A: Audit Team: An audit team is a self-contained unit inside a company that assists the auditor in…

Q: Briefly describe the essential attributes for an effective Audit Committee.

A: Attributes refers to the qualities or features of something. Attributes can be positive, negative or…

Q: List and briefly explain each of the Auditing Standards Board’s management assertions. List at least…

A:

Q: 3. Questions requiring answering briefly (1) List three kinds of audit tests and describe their…

A:

Q: Please explain the qualified and unqualified audit report with appropriate examples

A: Auditing is the process under which a qualified experienced person with proper knowledge would be…

Q: Audit documentation is the written record of the basis for the auditor's conclusions that provides…

A: Audit Documentation:-It refers to the detailed documents and procedures which the auditor performed,…

Q: please answer question 2 briefly with audit examples and terms.

A: Audit is an examination of the financial statements of the business by the independent auditor to…

Q: Which of the following type of auditors provide an opinion on the effectiveness of the operational…

A: Audit definition -  Audit is an independent examination of financial information of an entity…