Auditing includes all of the following except: a. A systematic process. b. An objective obtaining and evaluating evidence concerning assertions about economic actions and events. c. Ascertain degree of correspondence between assertions and financial statements. d. Communicate audit results to interested users.
Auditing includes all of the following except:
a. A systematic process.
b. An objective obtaining and evaluating evidence concerning assertions about economic actions and
events.
c. Ascertain degree of correspondence between assertions and financial statements.
d. Communicate audit results to interested users.
The following are the three types of audits according to subject matter, except
a. Financial statements audits
b. Operational audits
c. Compliance audits
d. External audits
The following are the three types of audits according to auditor, except
a. External audits
b. Internal audits
c. Governmental audits
d. Performance audits
The following statements relate to auditing in general. Which is false?
a. Compliance audits and independent financial statement audits are similar in nature.
b. Evaluating the efficiency and effectiveness—which depends on how they are defined—of operations
of an entity is subjective.
c. Both a and b
d. Neither a nor b
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