Question
SUBJECT: iNTERNAL AUDIT . 1.Based on your opinion, what should an auditor consider in carrying out an audit process in a department within the company?
SUBJECT: iNTERNAL AUDIT .
1.Based on your opinion, what should an auditor consider in carrying out an audit process in a department within the company? What strategy does it take to implement an effective audit activity? How important is internal control to the progress of the company's performance? What is the relationship between Internal Control and Good Corporate Governance and Risk Management?
2. What skills are required for an auditor to be able to evaluate and track all the activities that taking place in the company where auditors are currently facing the challenges of advanced technological developments? What are the opportunities and threats that facing the auditors and the company in the future? Explain the difference between analytics and analysis skills for an auditor to conduct an examination.
3. The presence of technology results in significant changes in the activities that are carried out in the audit process, for example: auditors currently do not need to collect samples to test transactions validation and evidence obtained but can directly evaluate the entire population in a short time and effective. In your opinion, will the changes affect international auditing standards? Explain the reasons for the statements that you provide.
SUBJECT: INTERNAL AUDIT 1. Based on your opinion, what should an auditor consider in carrying out an audit process in a department within the company? What strategy does it take to implement an effective audit activity? How important is internal control to the progress of the company's performance? What is the relationship between Internal Control and Good Corporate Governance and Risk Management? 2. What skills are required for an auditor to be able to evaluate and track all the activities that taking place in the company where auditors are currently facing the challenges of advanced technological developments? What are the opportunities and threats that facing the auditors and the company in the future? Explain the difference between analytics and analysis skills for an auditor to conduct an examination. 3. The presence of technology results in significant changes in the activities that are carried out in the audit process, for example: auditors currently do not need to collect samples to test transactions validation and evidence obtained but can directly evaluate the entire population in a short time and effective. In your opinion, will the changes affect international auditing standards? Explain the reasons for the statements that you provideStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started