importance of coso framework in auditing

Q: Critical evaluation of importance of auditor independence

A: Auditors are expected to provide a candid and knowledgeable evaluation of the work they evaluate. If…

Q: Explain Audit data analytics in risk assurance

A: Audit analytics is the analytics of audit data  often through the use of technology. It involves…

Q: What are the contents of an audit plan?

A: Audit plan: It can be defined as the specified guideline to be followed by the auditor at the time…

Q: How integration of IT and Financial audit done and benefits derived?

A: Here discuss about the benefits which are associated with the financial Audit while integrate with…

Q: quality auditing

A: Quality audit is the examination of books of accounts of the company by internal auditor and…

Q: EXPLAIN AND WHAT KIND OF  RISK ASSESSMENTS   FACING BY AUDITOER OR AUDITING?

A: Risk assessment is a crucial part of the auditing process as it defines which procedures need to be…

Q: Explain the following: Include atleast two references A: The significance of audit data analytics…

A: Introduction to Audit & Assurance Audit is an independent examination of books of accounts for…

Q: following: A: The significance of audit data analytics B: Audit standards and

A: The Data analytics played any important role because audit reason independent examination of data so…

Q: scribe the m

A: External Audit is the audit done by auditors appointed by the shareholders, who give audit report…

Q: define ethics and ethical delima in Auditing

A: Ethics In Auditing: An inspection or assessment of procedures or systems to determine whether or not…

Q: How to execute stewardship as an audit commitee chair

A: Stewardship is the job role of supervision of an organization by the chairperson of such…

Q: Describe role and objectives of audit planning.

A: Audit planning Audit planning  start  at the initial stage  of audit process.

Q: audit plan objectives

A: Introduction:- Audit plan is the first stage in the audit process. Audit planning is a process of…

Q: Define group auditors and component auditors.

A: Auditor:   The person who is considered responsible for assessing the credibility of the financial…

Q: Identify the differences between internal audit and external audit

A: Audit is an independent examination of books of accounts and records of an entity. Size of the…

Q: Explain the function of standards andmeasurements in economy, efficiency, andprogram results audits.

A: Internal Auditor: An internal auditor is a qualified professional hired by an entity to provide an…

Q: Standardize auditing procedures by identifying industry consensus (GAAS). What's the point of GAAS,…

A: The Question deals with standardize auditing procedures by identifying industry consensus (GAAS):

Q: prostulates of auditing

A: An independent assessment of any organization's financial information is referred to as auditing.…

Q: how key audit matters affect the model of the audit report?

A: Auditing:   Auditing refers to the procedure for providing independent report over the presentation…

Q: criteria of audit plan

A: Introduction: While performing an audit, an audit plan is the exact guideline to adopt. It assists…

Q: Discuss Theories related to auditors independence

A: An auditor is a person or a firm authorized by the respective institutes to review the various…

Q: What are the similarities between internal and external audit

A: Audit is an official financial inspection of an organization's account, usually by an independent…

Q: Explain the following audit strategy document main sections: Scope Materiality Audit Strategies…

A: Answer:- Audit strategy:- The definition of an audit strategy includes the audit approach used by…

Q: Define control risk and explain the role of control risk assessment in audit planning.

A: Three types of risks in auditing: Inherent Risk Control Risk Detection Risk Control Risk: It is…

Q: ne independence and objectivity as it relates to internal audit functi

A: The internal audit function refers to the process of asses the internal functions of a company as…

Q: What are some pros and cons of the CERES CSR reporting framework i.e. the measure tools, reporting…

A: CERES CSR defines the corporate social responsibility of companies and their resultant action…

Q: Why is internal control questionnaire important in internal control components in Auditing?

A: Internal control is a process which helps an organization achieve its objectives toward operational…

Q: Discuss briefly:  - The implementation of the overall audit strategy.

A: An audit strategy is the overall plan and framework for conducting an audit. The primary goal of an…

Q: Elaborate types of Audit reports?

A: The report which is prepared on the results of the auditor's examination is called an audit report.…

Q: Explain substantive tests of transactions and the meaning of this term?  How does it apply to…

A: The correctness and completeness of financial transactions that take place within a corporation are…