A
Introduction: Auditing is a systematic process wherein the auditor investigates the financial statements, data, information and other records to determine whether the financial statements show the true and fair position of the firm or not.
To explain: Phases of an audit.
B
Introduction:
To explain:Audit procedure involving test of controls can provide an indirect evidence about financial statements being free from material misstatements.
C
Introduction: Internal control is the system of accounting and auditing policies followed by a particular entity.
To explain:Work conducted by auditors in understanding internal control.
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EBK AUDITING & ASSURANCE SERVICES: A SY
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