Explain Audit reporting and why these are important? Explain with the help of example.

Q: Answer the question below: Please include atleast one reference 1: Explain Audit data analytics in…

A: Audit Data Analytics means reviewing audit-related information by using technology. Large files or…

Q: (Audit) When we are looking for completeness how do we match them up?

A: Audit is the term which is used in accounts and it is defined as examination of the different books…

Q: Explain Audit data analytics in risk assurance

A: Audit analytics is the analytics of audit data  often through the use of technology. It involves…

Q: How can internal auditors effectively integrate data analytics to enhance audit processes and…

A: An internal auditor is a professional within an association who's responsible for  assessing and…

Q: What is Materiality?

A: Audit is the examination conducted by the professional (auditor) on the financial statements and…

Q: EXPLAIN AND WHAT KIND OF  RISK ASSESSMENTS   FACING BY AUDITOER OR AUDITING?

A: Risk assessment is a crucial part of the auditing process as it defines which procedures need to be…

Q: software

A: Ans. Their are various benefits of using audit engagement management software few of them are…

Q: Discuss what internal control is in audit and assurance in depth.

A: Internal Control is a set of policies, procedures, and processes designed by an organization to…

Q: Describe the key elemnts of IT audit engagement level planning and explain how these elements help…

A: Introduction:- IT audit engagement level planning is an essential process that helps organizations…

Q: Explain the connection between business risk and Audit risk model (inherent risk x control risk x…

A: Inherent risk is the risk which is present in the organization before applying any control. Audit…

Q: How is Audit Risk calculated?

A: Definition:   Audit Risk: The risk that arises when an auditor does not find any misstatement…

Q: When we are looking for existence how do we match them up?

A: Existence Testing is an audit procedure performed by the auditors to determine whether the assets…

Q: how many types of Audit Evide

A: Answer: Audit evidences are the set of documents or supporting that are collated to justify the…

Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.