S1: Audit debriefing process should be led by the audit manager. S2: An audit benefits the public. Group of answer choices Only S2 is correct. Only S1 is correct. Both S1 and S2 are incorrect. Both S1 and S2 are correct.

An assurance service is defined as a service thata. Provides auditing services to nonfinancial information.b. Reviews unaudited financial information.c. Improves the quality of information for decision makers.d. Reduces the risk in management decision making.

What would be the audit resolution in case there is a difference of opinion in the engagement team? Explain.

Q1- What is an audit? According to definition, what are the essential features of audit? Or Define auditing as per ISA 200. According to definition, what are the essential features of audit?

Choose the one correct answer. The following are usually considered in the preparation of management letter [I] the letter should indicate that it is only for management's use [II] A description of the reportable conditions discovered [III] Auditor's suggestion to improve the client's internal control. *yes, no, yesno, yes, yesyes, yes, noyes, yes, yes

15. By checking what is achievable in audit the question "Does what we can do" is equal to A. What we need t o do? C. Is it possible to B. What could D. What is be done instead the best of it? be done? way? 16. •. What is hoped to be achieved from the interview is then fully communicated and further clarification provided if needs be. A. Introductions В. Objectives C. Questions D. Wind up and answers then proceed in a 17. Questions and answers. The main body of the interview shoul way that flows naturally and promotes the achievement of the original objectives of the meeting. A. Introductions В. Objectives C. Questions D. Wind up and answers

S1: The concept of materiality would be very important to an auditor in determining transactions that should be validated.S2: The level of assurance expected to be issued affects the amount of procedures to be performed by the practitioner. Group of answer choices Only S1 is correct. Both S1 and S2 are incorrect. Both S1 and S2 are correct. Only S2 is correct.

37-Planning involves establishing the overall audit strategy and developing the audit plan. Identify an option against planning from the following: O a. It assists auditor to devote more time on important area and less on unimportant. O b. It helps auditor in timely resolving problems O c. It not pervasive process O d. It assists in coordination of audit work

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The process of looking at a procedure or process being performed by others by the auditor is called what ? Observation Inquiry Inspection None of the given options