How can understanding a certain industry help an auditor?
Question:
How can understanding a certain industry help an auditor?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
It is important to understand the clients industry because many industries have unique ...View the full answer
Answered By
Mary Boke
As an online tutor with over seven years of experience and a PhD in Education, I have had the opportunity to work with a wide range of students from diverse backgrounds. My experience in education has allowed me to develop a deep understanding of how students learn and the various approaches that can be used to facilitate their learning. I believe in creating a positive and inclusive learning environment that encourages students to ask questions and engage with the material. I work closely with my students to understand their individual learning styles, strengths, and challenges to tailor my approach accordingly. I also place a strong emphasis on building strong relationships with my students, which fosters trust and creates a supportive learning environment. Overall, my goal as an online tutor is to help students achieve their academic goals and develop a lifelong love of learning. I believe that education is a transformative experience that has the power to change lives, and I am committed to helping my students realize their full potential.
5.00+
4+ Reviews
22+ Question Solved
Related Book For
Principles of Auditing An Introduction to International Standards on Auditing
ISBN: 978-0273768173
3rd edition
Authors: Rick Hayes, Philip Wallage, Hans Gortemaker
Question Posted:
Students also viewed these Business questions
-
How can understanding organizational subcultures help in the design of information systems?
-
How does the auditor obtain an understanding of ICFR?
-
Designing a Balanced Scorecard for a pharmaceutical company Chadwick, Inc.: The Balanced Scorecard (Abridged)14 Company Background Chadwick, Inc., was a diversified producer of personal consumer...
-
Suppose, in the New Monetarist model, that there is deficient financial liquidity. If the fiscal authority were to engineer a tax cut, financed by an increase in the quantity of government debt, with...
-
1. Based on the LMX model, how would you describe Jenny's leadership? 2. How do you think the employees at City Mortgage respond to Jenny? 3. If you were asked to follow in Jenny's footsteps, do you...
-
If P(B) = 0.05, P(A|B) = 0.80, P(B') = 0.95, and P(A|B') = 0.40, find P(B|A)?
-
Highjinks Corporation's sales department has estimated revenue of 250,000 for your division. 60% of this will be achieved in the first half-year and 40% in the remaining half-year. Variable operating...
-
Tong Company had the following two transactions related to its delivery truck. 1. Paid $45 for an oil change. 2. Paid $580 to install special gear unit, which increases the operating efficiency of...
-
Partner's tax basis in his partnership interest at the beginning of the year was $10,000. For the year, Partner's share of the partnership liabilities increased by $1,000. Also for the year, Partner...
-
The Shop at Home Network sells various household goods during live television broadcasts. The company owns several warehouses to hold many of the goods it sells, but also leases extra warehouse space...
-
ISA 315 provides an overview of the procedures that the auditor should follow in order to obtain an understanding, sufficient to assess the risks and consider these risks in designing the audit plans...
-
What are the definitions of the three audit risk components?
-
How many units would have to be sold to yield a target operating income of $22,000, assuming variable costs are $15 per unit, total fixed costs are $2,000, and the unit selling price is $20? a. 4,800...
-
What is the suitable voltage for desalting? What are the effects of increasing and decreasing of the voltage above and below the optimum voltage ?
-
Write a program to print below pattern?
-
Jhon Ltd is a private company, considering an initial investment of $500,000 which generates $100,000 cash inflows for 7 years. Calculate the discount payback period discount rate given is 8%. when
-
A satellite traveling at 8.2 km/s at perigee fires a retrorocket at perigee altitude of 480 km. What delta-v is necessary to reach a minimum altitude of 100 miles during the next orbit?
-
What are the ethical considerations surrounding project governance structures and project leadership responsibilities, particularly in relation to accountability, transparency, and stakeholder trust ?
-
PepsiCos financial statements are presented in Appendix B. Financial statements of The Coca-Cola Company are presented in Appendix C. Instructions for accessing and using the complete annual reports...
-
Software Solution is family-owned business that has been in operation for more than 15 year. The board of directors is comprised of mainly family members, plus a few professionals such as an...
-
LMN Company has a June 30 year-end and maintains three bank accounts: City Bank?Regular, City Bank?Payroll, and Metro Bank?Special. Your analysis of cash disbursements records for the period June 23...
-
Look up and watch a YouTube video on proof of cash. Required Answer the following questions. 1. Explain how a proof of cash differs from a bank reconciliation. 2. If internal controls are weak and...
-
The following is a copy of the auditor?s working paper for auditing inventory balances for the client Zack?s Electrical Supply. It shows the details of the net realizable value (NRV) tests. Required...
-
The transactions in the journal and the accounts in the ledger are linked together by a transfer process called:Group of answer choicesaudit trailmigratingpostingbalancing
-
Garbo township recorded it's police departments appropriations for the year ending June 30, 2025. Police appropriations had increased to $7,600,000. During the year's first budgetary month ending...
-
QUALITY INDICATOR: Ninety-five percent of physician appointments/reappointments will be completed within 90 days of receipt of all required materials. medical staff office health information business...
Study smarter with the SolutionInn App