QUESTION 2 The purpose and objective of an auditor is to form opinions on whether the operations of an entity are effective and efficient and if financial statements are reliable and do not contain any material misstatements. Once an audit is accepted by an auditor they will need to gather evidence that is sufficient and reliable which will support any opinions that are made by the auditor. The audit process is a logical and systematic process which is planned and implemented in accordance to the audit standards. a) Prior to the audit conducting an audit there are stages which need to be followed. What are these stages?

QUESTION 2 The purpose and objective of an auditor is to form opinions on whether the operations of an entity are effective and efficient and if financial statements are reliable and do not contain any material misstatements. Once an audit is accepted by an auditor they will need to gather evidence that is sufficient and reliable which will support any opinions that are made by the auditor. The audit process is a logical and systematic process which is planned and implemented in accordance to the audit standards. a) Prior to the audit conducting an audit there are stages which need to be followed. What are these stages?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1.what are the types of opinions expressed in the audit reports by the Certified Auditors
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