Which of the following is not a function or benefit of a checklist? Providing evidence of audit planning Reducing workload for the auditee Reducing risk of auditor bias Maintaining the audit pace and continuity

Q: Which of the following is not a common procedure for assessing operating effectiveness of preventive…

A: Preventive controls is a measure of safeguards implemented by an organisation to proactively…

Q: What factors do you think might cause an auditing team to spend more time than average on tests to…

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Q: Can the auditor obtain more audit evidence to compensate for the lack of perceived appropriateness…

A: The information that auditors rely on to back up their findings and judgements on the financial…

Q: Financial audit Q&A What risks that may occur during assertion testing, but cannot be prevented due…

A:

Q: The internal audit can pinpoint the person responsible for carelessness. This will help to:…

A: Audit is the process of checking and verifying the authenticity and transparency of the books of…

Q: Obtaining an understanding of the internal control structure is required for first time audit…

A: Internal control is an efficient system of control is established by the management in the conduct…