As an internal audit explain how you applied it in your company?

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A: The End product of an Audit is a report expressing the Auditor's Opinion on the client's financial…

Q: Clarify the difference between an organization's audit committee and its internal audit department.

A: Difference between an organisation's audit committee and internal audit department are the…

Q: Why would a company hire internal auditors if they already have an external auditor?

A: Internal audit is the internal department of the organization which performs checks to ensure…

Q: Describe the nature of activities that internal auditors do.How important is internal audit to a…

A: An internal auditor is a person who provides how accurately the financial statements of a company…

Q: As an auditor, how would you audit the following Internal Control Revenue

A: Answer: Auditor is the person who audits the financial statement to present independent opinion. The…

Q: Can you tell me more about what find of company or business has work called: "Different types of…

A: Audit means independent verification of books of accounts to ensure accuracy and reporting of…

Q: How does an audit enhance the quality of financial statements and management’s reports on internal…

A: The requirement that corporations' financial accounts be audited by an impartial external auditor…

Q: What is the role of audit planning in an audit? In an audit, how do you convey your understanding of…

A: Auditing is defined as the examination of a company's books of accounts by an auditor to determine…

Q: understanding of the entity’s internal control

A: The understanding of internal control is necessary to rule out the possibility of material…

Q: What purpose do audits and GAAPs serve in today’s business world?

A: GAAP are the generally accepted accounting principles which are followed by the companies in the…

Q: Describe the audit documentation review process in a public accounting firm.

A:

Q: Which of the following are not the rights of the auditors? a) The right to all information and…

A: The auditor is not permitted to attend board or director meetings when topics concerning the…

Q: How would you describe the Auditing Process to someone with experience in Auditing firm?

A: Audit can be defined as the verification, examination, and evaluation of the financial information…

Q: Why audits of our company performed by different auditors (internal, external, government). ?

A: Auditing is the process of examining the financial statements of the company to check for the…

Q: The MD&A section presents: The audited financial statements. O A description of the company's…

A: MD&A Report MD&A (Management Discussion and Analysis) is a report made by company management…

Q: An independent examination and evaluation of the financial statements of an organization is called…

A: Businesses are often managed and controlled by managers that are hired employees of the…

Q: Most companies are required to have an audit and appoint an auditor. (a) Explain how an auditor can…

A: Introduction: An auditor verifies the accuracy of recorded business transactions. Auditors are…

Q: Explain the role of audit report in company.

A: Audit: Audit is the process of verification of the compliance of the financial statements.

Q: How do ‘audits’ work as a corporate governance mechanism

A: Introduction: An audit is an examination or audit by an auditor of various books of accounts,…

Q: How can an audit add value to financial statements and management's internal control reports? Is an…

A: This question explains about financial statements and management's internal control reports

Q: A public accounting firm's audit documentation review has what advantages?

A: Introduction: Audit documentation encompasses all forms of documents or records created by auditors,…

Q: Can you give me interview questions about internal control of a company?

A: Internal Control:   Internal control, as defined by accounting and auditing, is a process for…

Q: o obtain an independent audit and what is the purpose of the Audit Report?

A: Introduction to Independent audit : An independent audit is an audit that is conducted for the…

Q: data analytics can be used during an external audit

A: Data analytics means the analysis of a set of data to find out trends and variations.

Q: What organizations and agencies have rules of conduct that you must observe when you practice(a)…

A: A rule of conduct is a set of norms and regulations practiced by an individual, or organizations. It…

Q: Why is an independent audit committee important to a company?

A: Auditing:   In auditing, auditors verify the correctness and fair presentation of financial…

Q: Why deos the auditor obtain an understanding of the clients business, enviroment and related risk of…

A: Obtaining an understanding of the client’s business is key to an effective and efficient audit.…

Q: Describe the organization of public accounting firms and the composition of the audit teams

A: Public accounting firms: Public accounting firms are service organizations providing specialized…

Q: Assume that you are an auditor of a company. Explain any THREE categories of assertions that you…

A: The name of the company is Amazon and it belongs to the e-commerce industry. Following are the three…

Q: what are business risks associated with an entity that an auditor should consider when performing an…

A: answer   Business risks associated with an entity that an auditor should consider when performing an…

Q: Which of the following is true of the Audit Committee? O It is composed of a group of stockholders.…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : Audit…

Q: How will you explain the Auditing Process to someone who has experience in Auditing firm?

A: Audit can be defined as the verification and evaluation of the financial statements that includes…

Q: What role does the auditor play in gaining a knowledge of internal control? What is the difference…

A: Before completing audit processes, the auditor is responsible for knowing the organization's…

Q: What is operational auditing? How does the AICPA (American Institute of Certified Public…

A: Operational Auditing:  The process by which effectiveness and efficiency of business operations are…

Q: Explain the factors to be considered in planning of an audit in a company

A: Audit planning is a major part of audit works for both internal and external audits. A good audit…

Q: What are the responsibilities of management described in Section 404 of the Sarbanes-Oxley Act? What…

A: Following are the responsibility of Management describe in section 404 of the Sarbanes-Oxley Act:…

Q: What should be the major emphasis in auditing the retainedearnings account? Explain your answer.

A: Given: The importance of the auditing of the retained earnings account.

Q: Explain how the auditors can be sustained in the auditing profession.

A: Auditing: It is an act of the examination of financial statements of an entity and expression of…

Q: the role of the Chief Audit Executive?

A: A chief audit executive or the head of the internal audit function in a company is a staff from the…

Q: Please respond promptly:…

A: Introduction:- Internal control means:- Internal controls are company policies and procedures and…

Q: Explain all the five steps involved in the information system based audits in your own words. How…

A: Auditing Auditing is an important process in the accounting work in an organisation.  The purpose of…