what are the consequences of auditing fraud?
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what are the consequences of auditing fraud?
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- What is the importance of an internal audit?What are the differences and similarities in audits of financial statements, compliance audits, and operational audits?How should CPA's evaluate risks to integrity and objectivity when considering providing gifts to audit clients and/or client management or accepting risks from them?
- For how long does the Sarbanes–Oxley Act require auditors ofpublic companies to retain audit documentation?What do auditors do if they find that applicable accounting principles are not being met when reviewing financial statements?Write a note on Relationship between corporate governance and auditing: Explain your words
- What should auditors do if during a review of financial statementsthey discover that applicable accounting standards are not being followed?In the conduct of audits of financial statements, it would be a seriousbreach of responsibility if the auditor did not thoroughly understand accounting.However, many competent accountants do not have an understanding of the auditingprocess. What causes this difference?What are three components that an audit policy should include?