Explain why the auditor needs to know how to conduct a risk assessment.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
The auditor will use risk assessment skills for several purpo...View the full answer
Answered By
Mario Alvarez
I teach Statistics and Probability for students of my university ( Univerisity Centroamerican Jose Simeon Canas) in my free time and when students ask for me, I prepare and teach students that are in courses of Statistics and Probability. Also I teach students of the University Francisco Gavidia and Universidad of El Salvador that need help in some topics about Statistics, Probability, Math, Calculus. I love teaching Statistics and Probability! Why me?
** I have experience in Statistics and Probability topics for middle school, high school and university.
** I always want to share my knowledge with my students and have a great relationship with them.
** I have experience working with students online.
** I am very patient with my students and highly committed with them
5.00+
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
-
Explain why the auditor tests controls.
-
Explain why the auditor needs to examine the "tone at the top" in evaluating fraud risk. Identify the key information the auditor should gather on each of the following areas: Corporate governance ...
-
Following are evidence decisions for the three audits described in Figure. Audit Assurance from Substantive Tests and Tests of Controls at Different Levels of Internal Control Effectiveness Audit A...
-
Gems Co. uses the indirect method to prepare its statement of cash flows. The following comparative statement of financial position for 2021 and 2022 are presented: At December 31 2022 2021 Property,...
-
Draw the following. a. Ds-2-hexene b. Trans-2-burene c. Cis-2,3-dichloro-2-pentene
-
Find the minimal polynomial of matrices of this form where the scalar λ is fixed (i.e., is not a variable). 0 ! 00
-
Rocky Road Company is evaluating a capital expenditure proposal that has the following predicted cash flows: Required a. Using a discount rate of 14 percent, determine the net present value of the...
-
Dividend Reinvestment Plans the DRK Corporation has recently developed a dividend reinvestment plan, or DRIP. The plan allows investors to reinvest cash dividends automatically in DRK in exchange for...
-
A political candidat assume p=.5. If the candidate on
-
Milea Inc. experienced the following events in Year 1, its first year of operations: 1. Received $20,000 cash from the issue of common stock. 2. Performed services on account for $56,000. 3. Paid the...
-
Jim and Cecilia were having lunch at the public accounting firm cafeteria downtown and discussing the future. They had both been recently promoted to managers, with incomes approaching six figures....
-
What is the relationship between the risk assessment process and the collection of audit evidence?
-
Why do some accountants prepare an end-of-period spreadsheet (work sheet)?
-
The following figure shows a homogeneous cylinder of radius R and mass m that is free to rotate about its axis of rotation and that is connected to the wall through a spring. Assuming that the...
-
What ethical considerations arise in the implementation of stress management programs within organizational contexts, particularly concerning issues of confidentiality, privacy, and the stigma...
-
4. (14 points) Two source charges are located as shown in the figure. Point P is located 2 cm directly in the +y direction from q as shown. Point P2 is above q, closer than 2 cm, but the exact...
-
How to fix the application error ? describe the steps and procedure you would follow to fix the errors
-
How do change management methodologies such as Kotter's eight-step model, Lewin's three-step model, and Prosci's ADKAR framework provide structured approaches for planning, executing, and evaluating...
-
Describe technical, human, and conceptual skills and their relevance for managers. Management Skills Technical Skills Human Skills Conceptual Skills When Skills Fail
-
You've been asked to take over leadership of a group of paralegals that once had a reputation for being a tight-knit, supportive team, but you quickly figure out that this team is in danger of...
-
According to the CPAB, an audit firm culture that maintains the appropriate balance between commercialism (managing the economic business of the firm) and professionalism (sustainable high-quality...
-
Daiyu Cheng, a recently qualified PA, has been assigned by her firm, Liu & Liu LLP, to serve as the senior auditor in charge of the fieldwork on a new audit engagement. The client is Demonte Credit...
-
Although the CPA Canada Handbook standards provide general guidance, the application of these standards is dependent upon particular circumstances. In practice, a professional accountant may...
-
Compute the missing amount in the accounting equation for each entity from the financial information? presented: AssetsLiabilitiesEquityFresh Produce$ ?$40,000$26,000Hudson Gift and...
-
XYZ Insurance Company maintains an extensive computer database with information about its policyholders. Data for new policyholders is constantly added and data for existing policyholders is updated....
-
An advantage of using a cold site as a recovery option is less expensive recovery option. Question 9 options: True False
Study smarter with the SolutionInn App