Problem as per the field standard intosai competent, Ask an Expert

Accounting

Problem :

As per the Field Standard (INTOSAI), competent, relevant and reasonable evidence should be obtained to support the auditor judgement and conclusions regarding the organisation , program , activity or functions under audit

(a) You are required to:

(i) identify and explain the different types of evidence which are gathered by an auditor to support his opinion .

(ii) identify and explain the different auditing procedures used by an auditor to gather audit evidence.

(b) The Current Assets include a cash balance of Rs 5000 in the account of XYZ company

You are required to identify and comment on the assertions made by management.

View complete question

Auditing, Accounting

Category:- Auditing
Reference No.:- M9587092

Have any Question?Write your Review or question?

Related Questions in Auditing

Questionit has been recommended that lsquoaudit working

Question It has been recommended that ‘Audit working papers should always be sufficiently complete and detailed to enable an experienced auditor with no previous connection with the audit subsequently to ascertain from t ...

Auditing research essay assignment -for decades audit

Auditing Research Essay Assignment - For decades, audit quality has been placed on the regulatory agenda in many countries such as The U.S., UK, and Australia, etc. In particular, Australia's Federal Treasury has release ...

Question - individual audit and digital presence on a

Question - Individual Audit and digital presence on a company of your choice. You must include an overview of the tools used to complete the audit, your findings of the audit and a recommendation on how to improve the on ...

Audit assurance and compliance assignment -topic how is

Audit, Assurance and Compliance Assignment - Topic: How is Enhanced Auditor Reporting being embraced in Australia? Background and Context: Since 2016, there has been a strong push to improve the quality of audit reportin ...

Question -1 before accepting the audit engagement the

Question - 1. Before accepting the audit engagement, the auditor has evaluated the client management. Why is this so? 2. At present there is no legal definition of the term "accountant" as a result, any person or firm ca ...

Topic how is enhanced auditor reporting being embraced in

Topic: How is Enhanced Auditor Reporting being embraced in Australia? Background and Context: Since 2016, there has been a strong push to improve the quality of audit reporting. Listed entities now have to report on "key ...

Rofessional auditing assignmentyou are required toa draft

ROFESSIONAL AUDITING ASSIGNMENT You are required to: a) Draft an audit planning memorandum highlighting: i) the legal and other considerations that need to be considered by your firm as the new auditor of SBL; ii) the ma ...

Auditing assignment -learning outcomes - explain and apply

Auditing Assignment - Learning Outcomes - Explain and apply the principles, practice and process of auditing to practical situations. Research, critique, interpret and communicate current and future auditing issues to sp ...

Audit assurance and compliance assignment -topic how is

Yancoal australia ltdassume you are the audit senior

Yancoal Australia Ltd Assume you are the audit senior assigned to the audit of Yancoal Australia Ltd., a public listed company, for the year ended 30 June 2018. As an audit senior, you have been assigned the task of gain ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Auditing Expert

Accounting

Related Questions in Auditing

Questionit has been recommended that lsquoaudit working

Auditing research essay assignment -for decades audit

Question - individual audit and digital presence on a

Audit assurance and compliance assignment -topic how is

Question -1 before accepting the audit engagement the

Topic how is enhanced auditor reporting being embraced in

Rofessional auditing assignmentyou are required toa draft

Auditing assignment -learning outcomes - explain and apply

Audit assurance and compliance assignment -topic how is

Yancoal australia ltdassume you are the audit senior

Ask Experts for help!!

Looking for Assignment Help?

Why might a bank avoid the use of interest rate swaps even

Describe the difference between zero coupon bonds and

Compute the present value of an annuity of 880 per year

Compute the present value of an 1150 payment made in ten

Compute the present value of an annuity of 699 per year

Follow Us