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q1 and q2 please Abdulla is a CPA who is engaged to perform a variety of services to both audit and non-audit clients. Most of
q1 and q2 please
Abdulla is a CPA who is engaged to perform a variety of services to both audit and non-audit clients. Most of involves financial statements audits for publicly traded companies, other large companies, many small companies and even non-commercial organizations. However, some clients seek a variety of other non-audit services. These services differ widely in terms of the nature and purpose of providing the service. Differences also exist as to the amount of evidence used, costs incurred and accordingly the level of assurance provided on the reliability of information. Abdulla believes that auditing careers provide an excellent experience in risk assessment and management techniques. He has an opportunity for professional development and he also believes that his employment is interesting and meaningful. Working as a CPA, Abdulla has a wide range of opportunities allowing for personal growth. Although Abdulla, as a CPA, can perform any type of audit, some audit engagements are restricted to certain types of auditors other than the CPA. Following are a variety of services and audit engagements performed by different types of auditors. Based on your auditing background, you are required to help the auditor in analyzing each of the following separate individual cases related to different types of engagements by answering the following questions. Question 1 1 Point What type of audit is being done by an auditor in which he determines if the disbursements of the different departments in the Ministry of Education are in accordance with the authorized expenditures? A) Operational B) Compliance Financial Statement. Operational or Compliance. Question 2 1 Point To do an audit of a company's financial statements, there must be several key elements and procedures including all of the following except: A) Quantitative information in a verifiable form that can be checked by the auditor. B. Some standards or criteria by which the auditor can evaluate the information, which are generally accepted accounting principles or International Financial Reporting Standards. Determining the degree of correspondence between information and established criteria using some kind and amount of evidence. D None of the aboveStep by Step Solution
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