Auditing And Assurance Services
17th Edition
ISBN: 9780134897431
Author: ARENS, Alvin A.
Publisher: PEARSON
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Question
Chapter 26, Problem 13RQ
To determine
Explain the similarity and difference between the planning for operational auditing and financial auditing.
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Which of the following is considered different and more limited in objectives than theothers?a. Operational auditing.b. Performance auditing.c. Management auditing.d. Financial statement auditing
390.
It is a category of Operations Auditing where audit engagement is a thematic-type, for example, the audit of the budgeting process.
Group of answer choices
Special Assignment
Functional Audit
Organizational Audit
Scrutiny Audit
Compliance auditing often extends beyond audits leading to the expression of opinions on the fairness of financial presentation and includes audits of efficiency, economy, effectiveness, as well as:
Select one:
a. accuracy.
b. evaluation.
c. adherence to specific rules or procedures
d. internal control.
Chapter 26 Solutions
Auditing And Assurance Services
Ch. 26 - Prob. 1RQCh. 26 - Prob. 2RQCh. 26 - Prob. 3RQCh. 26 - Prob. 4RQCh. 26 - Prob. 5RQCh. 26 - Prob. 6RQCh. 26 - Prob. 7RQCh. 26 - Prob. 8RQCh. 26 - Prob. 9RQCh. 26 - Prob. 10RQ
Ch. 26 - Prob. 11RQCh. 26 - Prob. 12RQCh. 26 - Prob. 13RQCh. 26 - Prob. 14RQCh. 26 - Prob. 15.1MCQCh. 26 - Prob. 15.2MCQCh. 26 - Prob. 15.3MCQCh. 26 - Prob. 16.1MCQCh. 26 - Prob. 16.2MCQCh. 26 - Prob. 16.3MCQCh. 26 - Prob. 17.1MCQCh. 26 - Prob. 17.2MCQCh. 26 - Prob. 17.3MCQCh. 26 - Prob. 18.1MCQCh. 26 - Prob. 18.2MCQCh. 26 - Prob. 18.3MCQCh. 26 - Prob. 19DQPCh. 26 - Prob. 20DQPCh. 26 - Prob. 21DQPCh. 26 - Prob. 22DQPCh. 26 - Prob. 23DQPCh. 26 - Prob. 24DQP
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Similar questions
- Refer to Exhibit 3.10 and Exhibit 3.11. Describe management’s process for evaluating internal control over financial reporting. For the control environment principles, identify evidence that management might obtain to assess the operating effectiveness of the control environment.arrow_forwarddetermine whether true or false S1- The extent of planning will vary accordingly to the size of the entity, the complexity of the audit, and the forms of report to be issued. S2- The entity’s control environment serves as a foundation for the other components of internal control.arrow_forwardWhich of the following is not a scope of internal auditors? Efficient Use of Resources Services to whole organization Objectives and goals achievement Compliance with Policies and Proceduresarrow_forward
- The primary objective of compliance auditing is toa. Give an opinion on financial statements.b. Develop a basis for a report on internal control.c. Perform a study of effective and efficient use of resources.d. Determine whether client personnel are following laws, rules, regulations, and policiesarrow_forwardList three reasons management may ask for an operational audit to be performed, and explain how the audit program would be impacted by each of them.arrow_forwardJustify the purpose of performing a financial statement audit and an internal control audit.arrow_forward
- What are the two main categories of the Internal Audit Standards? a) Attribute and Performance b) Planning and Execution c) Internal and External d) Audits and Consultingarrow_forwardExplain the following audit strategy document main sections: Scope Materiality Audit Strategies Timeframe Communication and Reportingarrow_forwardDiscuss the types of internal controls and explain how each is important to the auditing process. Explain and give examples of the four main categories of COSO framework regarding management objectives. Please provide refences if there is any.arrow_forward
- Which of the following audit is a continuous process ? Risk Management Internal Audit Balance Sheet Preparation External Auditarrow_forwardWhich of the following categories of principles is most closely related to gathering audit evidence?a. Performance.b. Reasonable assurance.c. Reporting.d. Responsibilities.arrow_forwardCompliance auditing often extends beyond audits leading to the expression ofopinions on the fairness of financial presentation and includes audits of efficiency,economy, effectiveness, as well as(1) accuracy.(2) adherence to specific rules or procedures.(3) evaluation.(4) internal controlarrow_forward
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