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: Describe the audits and auditors ingovernmental, internal, and operationalauditing.

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

Q: Prior to the auditor conducting an audit there are stages which need to be followed. What are these…

A: There are many phases ,which go through many process to complete the work of Audit. After receiving…

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: roles of internal auditors and external/independent auditor

A: SOLUTION-   INTERNAL AUDITOR- IT IS A TRAINED PROFESSIONAL TASKED WITH PROVIDING INDEPENDENT AND…

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: Explain the key items any auditor would also need to become familiar with the entity’s process…

A: Auditors are the professionals who check each detail furnished by the client through his/her…

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: Explain the audit objectives of existence or occurence, completeness, rights and obligations,…

A: objectives of Audit Audit means the audit of information system of an organization to check the…

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: Is the audit opinion applicable to the "other information" as well? *

A: Auditing: The official verification and scrutiny of financial statements is known as auditing. The…

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: Assume that an auditor has identified a number of CAMs. A. what are CAMs? b. For each CAMs, what…

A: A CAM or Critical Audit Matter is a new concept in auditing introduced in 2017. It refers to…

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: The auditor should review information provided by those charged with governance and management…

A: As per the related parties standard, The auditor should review information provided by those charged…

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

A:

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: What is global accounting standard that is helping entities, accountants and investors operate…

A: International financial reporting standards (IFRS) framed by international accounting standard board…

Q: Describe what is generally contained in a service auditor report

A: For the audit of the service organization, the audit procedures performed by the auditors…

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: What are the audit procedures for subsequent events and give examples

A: Subsequent event is defined as the occasion which occurred after the reporting duration but before…

Q: An audit plan should include Audit criterial O Audit scope O Audit date and time O all the above.

A: The audit plan is the plan and guidelines to be followed when the team conducts the audit of the…