Answer Posted / gration
The audit is a complex engagement that has many steps,
starting off with a pre-audit where the audit team performs
an assessment of the level of risk involved. Once they have
a clear understanding, the next step is to plan the audit.
The planning process involves brainstorming and sharing
ideas among the audit members. It also involves
understanding the client's business environment, identifying
the sources of information, and developing the audit strategy.
| Is This Answer Correct ? | 11 Yes | 1 No |
Post New Answer View All Answers
what is audit & activities of auditor?
what are the main tools of auditing?
purchase price of property purchased within last 3 years is to be relied upon not and not on revalued amount for the purpose of loan against properties.
What is the mean of statutory audit?
Explain intangible assets?
i want question papers audit staff selection examination
Whats are the importance of evaluating an internal audit department?
What do you mean by vouching?
How does the internal audit differ from an external audit?
When should a company sack its auditor?
What Is Social Audit?
i read in andhra bank recruitmentin that i saw english languages marks are eligible what is that eligible mark
What is mean by error of submission? can u plz provide notes on this?
Why you want to be a auditor?
Why does a systems auditor need to use professional judgement when selecting audit procedures?