Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

internal audit Which of the following statements best describes the three sections generally found in an audit program? Audit objectives, scope of the audit, and

image text in transcribed

image text in transcribed

internal audit

Which of the following statements best describes the three sections generally found in an audit program? Audit objectives, scope of the audit, and audit procedures Assessment of overall risk, audit criteria, and audit procedures Audit objectives, audit criteria, and audit procedures Scope of the audit, audit criteria, and audit procedures Question 9 (1 point) Saved Audit criteria are the standards against which existing conditions within the audited unit may be assessed. Which of the following statements does not apply to audit criteria? The level of detail of the criteria determines the level of detail of audit recommendations. The internal auditor assumes full responsibility for the criteria used in an audit. Internal auditing, unlike external auditing, has no generally accepted criteria. The level of precision of the criteria varies according to the objectives of the audit. An audit program is a detailed list of tasks to be performed during an audit. It provides documentation on the logical relationship between audit objectives, criteria, and procedures. An audit program has many purposes and is an important tool for planning, directing, and controlling audit work. Which of the following is not a purpose of the audit program? Providing for an orderly review of the work to be performed Ensuring that auditing standards are met Providing a checklist for the approval of planned audit work and subsequent review Providing assurance that the results of audit tests are valid

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions