What is the audit committee’s contribution to strategy?

Q: Who should be members of the Audit Committee? Is there an association between Audit committee…

A: The monetary Regulation/Peraturan "Utilization controller Firms/Kantor Akuntan Publik (KAP) in…

Q: What is the importance of considering both past results and industry trends in comparing values,…

A: An integrated audit is defined as an auditing, which used to involve an audit through an outside…

Q: Clarify the difference between an organization's audit committee and its internal audit department.

A: Difference between an organisation's audit committee and internal audit department are the…

Q: What are advantages of external public audit?

A: External audit relates to the examination of financial records in connection with the financial…

Q: Who is responsible to set policies on internal control? Chief Executive Officer Audit Committee…

A: Internal Control:- It is the process effected by a company's board of directors , management ,…

Q: Which of the following stakeholders rely on internal audit report? a. General public b. Investors c.…

A: Audit is the examination or review of books of account in order to ensure that whether these…

Q: Explain how an audit committee could improve its effectiveness on internal auditor's internal…

A: An audit committee is a board of directors committee that is in charge of overseeing the financial…

Q: What auditing services do governmental auditors provide?

A:

Q: What purpose do audits and GAAPs serve in today’s business world?

A: GAAP are the generally accepted accounting principles which are followed by the companies in the…

Q: What exactly are Institutional Review Boards (IRBs)?

A: This question explains about Institutional Review Boards (IRBs):

Q: Why should regulatory regimes be ‘proportionate’ and ‘real-time’? What are the fundamental building…

A:

Q: Why is it important for the internal audit department to be functionally reporting to the audit…

A: Internal audit plays a vital role in companies, probably now more so than ever, with their diverse…

Q: Do you know the purpose of an Audit Committee? In what ways do they operate and connect with the…

A: This question tells about the purpose of an Audit Committee? In what ways do they operate and…

Q: What are the most important functions of the investment committee?

A: Investment committee is established by the organization for the purpose of making decisions related…

Q: What is the purpose of the Audit Committee?

A: Definition:   Audit committee: Audit committee is a committee formed to oversee the financial…

Q: Describe the ASB's Clarity Project. Why is this so important for the auditing profession?

A: Auditing Standard Board (ASB) is a board which issues guidelines and rule pronouncements that need…

Q: What is/are the possible collaboration/s among the Audit Committee, accounting external auditors,…

A: An external audit represents an unbiased examination of the financial statement prepared by the…

Q: How to execute stewardship as an audit commitee chair

A: Stewardship is the job role of supervision of an organization by the chairperson of such…

Q: why is an active board of directors audit committee important to an organization?

A: Audit: An audit is an organized and self-regulated inspection of books of accounts. This inspection…

Q: Discuss the problems associated with initiatives that have been put forward to ensure independence…

A: To ensure the audit committee's independence, it's a number one application for the bulk of its…

Q: how we share our findings and concerns with the board of directors in internal control system?

A: Management is in-charge of the establishment and maintenance of the internal audit function. An…

Q: we discussed the role of an active board of 'directors' audit committee from different aspects. In…

A: The primary function of the audit committee of the company is to provide oversight of the financial…

Q: What are advantages of internal public audit?

A: Given: The advantages of the internal audit in the public sector.

Q: Briefly describe the essential attributes for an effective Audit Committee.

A: Attributes refers to the qualities or features of something. Attributes can be positive, negative or…

Q: Why is an independent audit committee important to a company?

A: Auditing:   In auditing, auditors verify the correctness and fair presentation of financial…

Q: What is an audit committee? What are its duties?

A: Audit committee: Audit committee is a sub-committee of board of directors which is responsible for…

Q: How do Input controls affect management's assertions with respect to the financial statements?

A: Management assertions seem to be statements made by management personnel about certain features of a…

Q: What is the role of commission on aud

A: Fiscal administration is the act of managing incoming and outgoing monetary transactions and budgets…

Q: Discuss the problems associated with initiatives that been put forward to ensure independence of…

A: SOLUTION- To ensure the audit committee's independence, it's a number one application for the bulk…

Q: What is an Audit Committee? How do they Operate and interact with the Auditors?

A: An audit committee is one of the major operating committees of a company's board of directors that…

Q: While listing the functional Committees of the Board and explaining their significance, explain the…

A:

Q: What is operational auditing? How does the AICPA (American Institute of Certified Public…

A: Operational Auditing:  The process by which effectiveness and efficiency of business operations are…

Q: Which of the following is the objective of ISA 700? O a. To form a decision on management report O…

A: This ISA 700 addresses the issues that an auditor must consider when providing an opinion on a…

Q: The committee of the board of directors who is in charge of monitoring circumstances that might…

A: In an organisation, various type of committees are being made and every committe has its purposes,…

Q: Which of the following is a benefit of providing financial information? O Auditing. O Potential…

A: Financial information in the business means financial statements in the business that shows…

Q: What is business risk? and How does it affect audit risk?

A: Business Risk: Business risks are elements which have an adverse effect on the performance and…

Q: strategic audit criteria for evaluation. Discuss it thoroughly.

A: Strategic audit is defined as the audit which assesses the present strategy of the business and how…

Q: What is the importance of strategic audit? and its scope.

A: Strategic audits help in making audits effective and efficient. It provides a basis for audit…

Q: Assess the economic significance and limitations of audit work to business and investor interests,…

A: Ans. Their are various significance of auditing in a business. Though it comes with few limitations…