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Just Need the Frequency Answers, they consist of Almost Always, Frequently, Never, and Occasionally Score: 0 of 1 pt 2 of 11 (1 complete) HW

image text in transcribed Just Need the Frequency Answers, they consist of Almost Always, Frequently, Never, and Occasionally

Score: 0 of 1 pt 2 of 11 (1 complete) HW CC1-3 (book/static) What are the similarities and differences among the three main types of audits. Operational Compliance Financial statement X X X Three main types of audits are Purpose: To determine whether the client is following specific procedures set by a higher authority To determine whether the overall financial statements are presented in accordance with specified criteria (usually GAAP) To evaluate whether operating procedures are efficient and effective Users of audit report: Different groups for different purposesmany outside entities Management of organization Authority that established rules, regulations, and procedures, either internal or external Nature: Highly nonstandard; often subjective Highly standardized Not standardized, but specific and usually objective Frequency of audits performed by: CPAS GAO auditors IRS auditors Internal auditors X Almost always Frequently Never Occasionally Choose from any drop-down list and then click Check Answer. All parts showing Clear All

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