which one is not the responsibility of management towards auditor.

Q: Which of the following statements relating to accounting and auditing is incorrect? i) Accounting…

A:

Q: The internal control system provides reasonable assurance that the company’s objectives are being…

A: Internal control:   Internal control can be defined as a process to ensure achievement of the…

Q: Which of the following is NOT an obligation or duties of an auditor? a. Inspect account books and…

A: Helps to prepare the financial statements of companies is not an obligation or duties of an…

Q: Set policies on internal control Both c) and e)

A: Answer - Set policies on internal control Both c) and e)

Q: 1-According to audit committee best practice, they should not a) Review the internal control system…

A: Auditor: An auditor is a person or a group of people who is responsible for conducting an audit of…

Q: 20. The following are characteristics that may signal important information to the auditor about…

A: The concept and working style of management:

Q: Which of the following questions best describes why an independent auditor is asked to give an…

A: It is the responsibility of management to maintain books of accounts, sound internal controls…

Q: Which one of the following statements is true? A. Conflicts of interests between management and…

A: Usually, conflicts between a company's management and its shareholders are known as agency costs and…

Q: 1: What problems do you see when an auditor relies extensively on management’s representations on…

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: $1: In addition to controls being specific, they may be broad, such as policies regarding code of…

A: Internal control is a process, put in place by an entity which is designed in such a way to provide…

Q: Which of the following best describes why an independent auditor is asked to expressan opinion on…

A:

Q: Which one of the following is not true about internal auditors? Reports to management or those…

A: An internal auditor (IA) is an individual or company who audits the financial statements provided by…

Q: Which of the following statements relating to internal and external auditors is correct? i) Internal…

A: Internal auditors are auditors which are internal to the organisation and they are the employees of…

Q: Which of the following is not a part of the role of internal auditors? a. Assisting the external…

A: "Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: Identify which of the major fundamental principles (responsibilities, performance, or reporting) is…

A:

Q: Factors the auditor should understand as a part of his understanding of business Operations and…

A: Auditing means the independent checking of company operation by outsider.

Q: Which of the following statements is correct concerning an auditor's required communication with…

A: Auditing means the independent checking of company operation by outsider. Auditor is a qualified and…

Q: Characteristics of internal accounting information includeall of the following except:a. It is…

A:

Q: Internal control system comprises the company's policies, practices and procedures which are…

A: Auditing is a process of inspecting the financial accounts of a company in order to determine the…

Q: Many people confuse the responsibilities of the independent auditors and the client's management…

A: Auditing means the inspection of financial accounts of the company to determine if the records are…

Q: Evaluation of the appropriateness of accounting policies used and the reasonableness of accounting…

A: Management is primarily responsible for the preparation and presentation of financial statements.…

Q: Which of the following statements are True? a) The financial statements are management's…

A: management is primarily responsible for the preparation and presentation of financial statements.…

Q: Identify the following as True or False:A. Managerial accounting reports must comply with the rules…

A: Managerial accounting is concerned with a company's inner financial operations, whereas financial…

Q: 18-from the options given below identify which of the following is not responsibility of management…

A: Answer

Q: Which of the following is not True about External Auditors? i) External Audit is an audit function…

A: An external audit is an examination that is conducted by an independent accountant. This type of…

Q: For which of the following matters should an auditor obtain written management representations?…

A: Solution: Auditor should obtain written management representations with respect to "Management’s…

Q: Which of the following statements regarding users of financial information is correct? Managers of…

A: Financial statement means the statement including income statement , balance sheet , cash flow…

Q: Which of the following statements relating to internal and external audits is false?* The execution…

A: Audit is the process of checking and verifying the authenticity of books of account in the business.…

Q: Auditors of both public companies and private entities _______.     A. have a responsibility to…

A: Solution:  Auditors of both public companies and private entities "have a responsibility to report…

Q: Which of the following is an attribute of the internal control procedure—assignment of​…

A: The process by which the operational efficiency and effectiveness in the organizational objectives…

Q: Communicating Key Audit Matters in the audit report is : A. Additional communication to provide…

A: Key Audit Matters are all those matters which are most significant in the opinion of the auditor in…

Q: The audit committee’s responsibility for auditor independence concernsa. Ensuring that partners of…

A: The audit committee’s responsibility for auditor independence concern ensuring that partners of the…

Q: Which of the following is NOT a requirement in management’s report on the effectiveness of internal…

A:

Q: For a corporation in an industry with fewer rules, which of the following control goals in the…

A: The purpose of adopting Auditing procedures which are important to the Auditing work which has to be…

Q: Which of the following is TRUE about Internal Audit? Internal audit is described as the verification…

A: The role of internal audit is to provide independent assurance that an organization’s risk…

Q: What are the responsibilities of management described in Section 404 of the Sarbanes-Oxley Act? What…

A: Following are the responsibility of Management describe in section 404 of the Sarbanes-Oxley Act:…

Q: PLEASE ANSWER THIS ASAP. THANK YOU SO MUCH. 1.Which of the following statements is incorrect? a.…

A: We are supposed to answer only one question, please Co-operate and ask other questions separately…

Q: Which of the following statements about management assertions, audit objectives, and audit evidence…

A: The overall objective of an auditor express an opinion on financial statements that it represents…

Q: Which of the following control objectives in the General Ledger activities under the…

A: Auditing Procedures The purpose of adopting Auditing procedures which are important to the Auditing…

Q: Under Sarbanes–Oxley and PCAOB rules, ensuring that the auditor is independent inappearance is the…

A: Sarbanes-Oxley Act of 2002: The accounting guidelines provided to prevent fraudulent and…

Q: Which of the following statements is correct when obtaining an understanding about the client's…

A: After the acceptance of the engagement, auditor shall obtain following information.