Distinguish between general audit objectives and management assertions. Why are the general audit objectives more useful to
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 46% (15 reviews)
General audit objectives follow from and are closely related to management assertions Audit ...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0133098235
12th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser
Question Posted:
Students also viewed these Auditing questions
-
Distinguish between the general audit objectives and management assertions. Why are the general audit objectives more useful to auditors?
-
Multiple Choice Questions The following questions concern audit objectives and management assertions for accounts receivable. Choose the best response. a. When evaluating the adequacy of the...
-
Explain how management assertions, general balance-related audit objectives, and specific balance-related audit objectives are developed for an account balance such as accounts receivable.
-
Pinduoduo plans to launch a new platform to compete with its competitors, JD.Com, Taobao, and Tmall. The product manager of the new platform should decide whether to leverage the social commerce...
-
A proposed system for storing nuclear wastes involves storing the radioactive material in caves or deep mine shafts. One of the most toxic nuclides that must be disposed of is plutonium-239, which is...
-
Here is a reasonable way in which a voter could have a cyclic preference. Suppose that this voter ranks each candidate on each of three criteria. (a) Draw up a table with the rows labeled 'Democrat',...
-
Homeowners insurance covers your personal possessions up to a percentage of the insured value of your home. When Carolinas house burned down, she lost household items worth a total of \($25,000\)....
-
Purity Ice Cream Company bought a new ice cream maker at the beginning of the year at a cost of $10,000. The estimated useful life was four years, and the residual value was $1,000. Assume that the...
-
following are the individual financial statements for Gibson and Davis for the year ending December 31,2018: Assignment 8 i Saved Help Save & Exit Submit Check my work Following are the individual...
-
Pear Corporation acquired 75 percent ownership of Sugar Company on January 1, 20X1, at underlying book value. At that date, the fair value of the noncontrolling interest was equal to 25 percent of...
-
How are entity-level controls related to cycles?
-
An acquisition of equipment repairs by a construction company is recorded in the incorrect accounting period. Which transaction-related audit objective has been violated? Which transaction-related...
-
It seems simple to prescribe a structural approach to organisational activities. It has been fashionable, for instance, to say that mechanistic structures with hierarchies built in are out of date...
-
What is self-excited vibration?
-
Why is viscous damping used in most cases rather than other types of damping?
-
If the characteristic roots have a zero imaginary part, the response of the system will be: a. oscillatory b. nonoscillatory c. steady
-
What is the difference between the peak amplitude and the resonant amplitude?
-
The frequency of oscillation of the response of a system will be higher if the imaginary part of the roots is: a. smaller b. zero c. larger
-
Let A S n be positive semidefinite. Prove that Distinguish the cases det A = 0 and det A 0. In the latter case, consider the normalized matrix , where D = diag and use the geometric/arithmetic mean...
-
The Alert Company is a closely held investment-services group that has been very successful over the past five years, consistently providing most members of the top management group with 50% bonuses....
-
The following are audit procedures in the revenue cycle: 1. Examine a sample of shipping documents to determine whether each has a sales invoice number included on it. 2. Examine a sample of noncash...
-
The following misstatements are sometimes found in the revenue account balances: 1. Cash amounts received from collections of accounts receivable in the subsequent period are recorded as current...
-
You were asked in February 2015 by the board of management of your church to review its accounting procedures. As part of this review, you have prepared the following comments relating to the...
-
ow are large and small police departments similar? How are they different? The purpose of this assignment is to have the student list the similarities and differences between large and small police...
-
Codes and Occupancies Your city council is planning to adopt the newest version of the building code. They have asked you to provide them with an explanation of what occupancies are required to have...
-
Post your thoughtful analysis about one key point you took from this assigned reading. NIST 800 100 Information Security Handbook Chapter 8
Study smarter with the SolutionInn App