Question 2 Revisit Later Select the correct responses for below: The audit documentation shall include: (a) The overall audit strategy (b) The audit plan (c) Any significant changes made during the audit engagement to the overall audit strategy or the audit plan, and the reasons for such changes. Select an option (a) and (b) (b) and (c) (a), (b) and (c) (a) and (c)

Question 2 Revisit Later Select the correct responses for below: The audit documentation shall include: (a) The overall audit strategy (b) The audit plan (c) Any significant changes made during the audit engagement to the overall audit strategy or the audit plan, and the reasons for such changes. Select an option (a) and (b) (b) and (c) (a), (b) and (c) (a) and (c)

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

Chapter1: Auditing: Integral To The Economy

Section: Chapter Questions

Problem 16MCQ

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Comprehensive Problems (covers all content) Problem 11: List the Summary of the Audit Process in correct phases (from beginning to end of audit): Perform analytical procedures and tests of details of balances Complete the audit and issue and audit report Plan and design an audit approach Perform tests of controls and substantive tests of transactions Phase 1 ______ Phase 2 ________ Phase 3 ________ Phase 4 ________ Give an example of each step.
5. Which of these is the set of working papers that affect the current year and future audits? Select one:a. Permanent fileb. Current filec. Update filed. Carryover file
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Choose the documents which should be included in the audit documentation a. Summaries of significant matter O b. Issue memoranda O c. Audit program O d. All the options
Based on PSA 120, which of the following are unrestricted reports to be issued by the auditor/accountant: I. Audit II. Examination III. Review IV. Agreed-Upon Procedures V. Compilation Group of answer choices: I, II, and IV I, II, III, IV and V I, II, III, and V I, II, III, and IV IV and V I, II and III
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literature review on how do auditor gather audit evidence during the period of covid 19
a) ISA 300 Planning an Audit of Financial Statements provides guidance to auditors. Planning an audit involves establishing the overall audit strategy for the engagement and developing an audit plan. Adequate planning benefits the audit of financial statements in several ways. Required: i) Identify and explain the five stages in audit process ii) Discuss three importance of audit planning.
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33 What is the proper sequence of the BIR assessment process? Actual/table audit Issuance of electronic Letter of Authority (e-LoA) Issuance of Final Decision on Disputed Assessment (FDDA) Issuance of Formal Letter of Demand/Final Assessment Notice (FLD/FAN) Issuance of Notice of Discrepancy (NIC) Issuance of Preliminary Assessment Notice (PAN) Group of answer choices a. 1, 2, 3, 4, 5, 6 b. 2, 1, 5, 6, 4, 3 c. 2, 1, 6, 4, 5, 3 d. 1, 2, 5, 6, 4, 3
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