When searching for the root cause of issues, auditors are effectively searching for the source of variation, which are often grouped into categories, which categories is not included. a. machines b. measurements c. system d. people

When is the timing of substantive procedures most flexible? detection risk is assessed as low O there is a lack of an effective control environment O controls have been tested and are determined to be ineffective O controls have been tested and are determined to be effective

Describe what is difference between errors and fraud.

An internal audit function acts as a higher level of control to determine that the internal control structure functions effectively. * FALSE   TRUE

Which must the auditor communicate to management? A. B. C. D. Known Material Weaknesses Yes Yes No No Known Significant Deficiencies Yes No Yes No

Discuss the objectives of eliminating receiving functions. Also, discuss the accounting and audit problems need to be resolved.

Plz explain in detail

Evaluating data reliability is a critical part of the audit process. Explain the differences among the following in terms of reliability: Data obtained from direct versus indirect methods.

A related party transaction is a transfer of resources, services, or obligations between related parties when no consideration is involved. The auditor assesses control risk as high or at the maximum level when the internal controls of the client have not been effectively designed or have not operated effectively. Group of answer choices False, False True, False True, True False, True

Which of the following is not a technique of collecting audit evidence? a. Analytical procedures. b. Observation and inspection. c. Collecting primary data d. Inquiries from third parties.