State five strategies to ensure the EKSA implementation meets the auditing elements.
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State five strategies to ensure the EKSA implementation meets the auditing elements.
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- Identify five audit procedures normally done as a part of thereview for subsequent events.Which of the following is the on-going evaluation of the implementation and operation of the five various components of internal audit? a. Monitoring Activities b. Control Activities c. Control Environment d. Risk AssessmenExplain the following audit strategy document main sections: Scope Materiality Audit Strategies Timeframe Communication and Reporting
- Choose three of the skills required for effective operational audits and explain the importance and why these skills are necessary.Define audit risk and describe how it can be broken down into the three separate components of the audit risk model to help assess and respond to such risks during the audit planning process.Identify the eight major steps in planning audits
- List three reasons management may ask for an operational audit to be performed, and explain how the audit program would be impacted by each of them.An audit plan is : a. The blueprint for conducting the audit and accomplishing the audit objectives. b. The flowchart for conducting the audit and accomplishing the audit objectives. c. The footprint for conducting the audit and accomplishing the audit objectives. d. The gannchart for conducting the audit and accomplishing the audit objectives.What are the two main categories of the Internal Audit Standards? a) Attribute and Performance b) Planning and Execution c) Internal and External d) Audits and Consulting
- State the six transaction-related audit objectives.Discuss briefly: - The implementation of the overall audit strategy.Discuss the types of internal controls and explain how each is important to the auditing process. Explain and give examples of the four main categories of COSO framework regarding management objectives. Please provide refences if there is any.