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

1) Name and describe the main tasks, duties or powers of the PCAOB. 2) What is audit risk?   3) What is materiality and how is it used or applied by the auditor.

The user auditor is required to obtain a sufficient understanding of the nature and significance of the services provided by the service organisation and their effect on the user entities internal control relevant to the audit. From which source(s) might this understanding be obtained? A) the user entity B) a type 1 service auditors report C) a type 2 service auditors report D) all of the above answers

Maya company has seen slow but steady growth over the past 10 years. Maya company started small, and all of the employees were family members. However, the business is now big enough that it is important to start setting up a more sophisticated internal control structure, including segregation of duties. What are the three specific functions that must be kept separate?