As part of the engagement team, what specific audit procedure/s will you focus on and why? (Power electric industry)

Q: two major responsibilities one needs to be in this career.

A: Financial Auditing means examination of financial Statements of the entity in order to provide true…

Q: Discuss the audit process. How does reliance on controls affect the audit process? Answer…

A: The audit is an independent examination of the financial statement of the entity to form an opinion.…

Q: What considerations should an auditor take into account before taking a job? Explain.

A: Auditing involves an independent examination of financial records of the entity with a view to…

Q: When would an auditor be hired to perform a compliance audit.

A: An independent professional who is responsible for the examination of the financial statements of an…

Q: Which of the following BEST (select one) explains why IT governance provides a starting point for…

A: IT governance is the framework of policies, procedures, and controls that an organization puts in…

Q: Discuss the differences between management letter and legal representation letter

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

Q: How would you describe the Auditing Process to someone with experience in Auditing firm?

A: Audit can be defined as the verification, examination, and evaluation of the financial information…

Q: What do you think is meant by the term ethical auditing with respect to the principles and rules of…

A: American Institute of Certified Public Accountants (AICPA): It is an association of certified…

Q: What is a subsidiary corporation.

A: Company: A company is form of business. It is an artificial judicial person created by law and the…

Q: Critical discussion of the challenges to achieving auditor independence

A: Auditors are usually supposed to offer an objective and competent assessment of the assignment or…

Q: What questions should be asked by an auditor prior to taking an engagement?

A:

Q: Which standards apply to consulting engagements?

A: Certified Public Accountant (CPA): It is a position which is provided to the person who passes 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: What is vouching? Discuss its importance in auditing.

A: Voching is the  backbone  of auditing

Q: Define and explain auditing. What would you answer if asked by a communications major, “What…

A: Auditing: Auditing is the process by which assertions made by management about financial…

Q: What is your perception of the work of an auditor in the electric power sector?

A: Note - this is purely based on the one's understanding. Please post a separate question in case any…

Q: Q2. What is operational audit? List five examples of specific operational audits that could be…

A: Auditing is the review of accounting performance by  the auditor who is been appointed as an…

Q: s how auditor's independence might impact 'audit quality'.

A: Auditor's independence is one of the key characteristics to be followed by the auditor during the…

Q: what is the importance of ethical conduct for auditors? asap

A: Ethics in the workplace is defined as the moral code that guides employees' behavior in terms of…

Q: Explain what an audit process is. What is the significance of a well-worded audit procedure?

A: Audit Process; The Objective of an Audit is to express the auditor's opinion whether the Financial…

Q: What measures does the governance board can put into place to establish ethical expectations.

A: Corporate governance is established by an organization where rules are set to operate and regulate…

Q: What are the types of work performed, the overall areas of focus, and/or other relevant information…

A: Answer:-  Internal audit meaning:- An organization's internal control includes corporate governance…

Q: what are the auditor Rules for Independence regarding the services they can offer the same client?

A: Auditing is the process of evaluation of companies' financial statements and reports by the auditor…

Q: Briefly describe the meaning and purpose of a 'workplace audit'.

A: Workplace audits have evolved from the mid 20th century, inspired by quality management, corporate…

Q: How will you explain the Auditing Process to someone who has experience in Auditing firm?

A: Audit can be defined as the verification and evaluation of the financial statements that includes…

Q: ENTERPRISE RISK MANAGEMENT (ERM) Explain on how to go about seeking board approval for ERM…

A: Enterprise risk management is a highly crucial risk management from the perspective of the…

Q: A company is considering an iron ore extraction project that requires an initial investment of…

A: The internal rate of return is the minimum rate of return that should be earned by a company to…