Distinguish between general audit objectives and management assertions. Why are the general audit objectives more useful to
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
General audit objectives follow from and are closely related to management assertions Audit ...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0133098235
12th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser
Question Posted:
Students also viewed these Auditing questions
-
Distinguish between the general audit objectives and management assertions. Why are the general audit objectives more useful to auditors?
-
Multiple Choice Questions The following questions concern audit objectives and management assertions for accounts receivable. Choose the best response. a. When evaluating the adequacy of the...
-
Explain how management assertions, general balance-related audit objectives, and specific balance-related audit objectives are developed for an account balance such as accounts receivable.
-
Pinduoduo plans to launch a new platform to compete with its competitors, JD.Com, Taobao, and Tmall. The product manager of the new platform should decide whether to leverage the social commerce...
-
A proposed system for storing nuclear wastes involves storing the radioactive material in caves or deep mine shafts. One of the most toxic nuclides that must be disposed of is plutonium-239, which is...
-
A manufacturer of liquid soap produces a bottle with an advertised content of 310 milliliters (mL). Sixteen bottles are randomly selected and found to have the following contents, in mL. A normal...
-
The three bars are made of A-36 steel and form a pin-connected truss. If the truss is constructed when T 1 = 50F, determine the force in each bar when T 2 = 110F. Each bar has a cross-sectional area...
-
Ashley owns a retail shoe store that is insured for $120,000 under the business income (and extra expense) coverage form. Because of a fire, Ashley was forced to close the store for three months....
-
The Fibonacci number Fn is recursively defined as F(n) F(n-1)+F(n-2), where F(1) =1 and F(2) = 1. So, F(3) F(2)+F(1)=1+1=2, and so on. Write the MIPS assembly for the fib(n) function, which computes...
-
Idealized spring-mass systems have numerous applications throughout engineering. Figure shows an arrangement of four springs in series being depressed with a force of 1500 kg. At equilibrium,...
-
How are entity-level controls related to cycles?
-
An acquisition of equipment repairs by a construction company is recorded in the incorrect accounting period. Which transaction-related audit objective has been violated? Which transaction-related...
-
Suppose a defense attorney is trying to convince the jury that his clients wallet, found at the scene of the crime, was actually planted there by his clients gardener. Here are two possible ways he...
-
How do you think the burden of insuring against flood damage should be shared between the government and the private insurance industry to minimize the economic impact on those effected.
-
Larry, a 40 year old salesperson, earns $90,000 per year and plans to work until age 65. He is married to Joan and has 2 children. He expects his annual salary increases to be 3%, and the inflation...
-
Let the initial capital be $ 9,000, and the annual interest rate 3%. How much is the principal after 12 years if the interest period is 3 years?
-
Assume the US wants to open up trade with Sweden in the hot tub market. Assume thatthe price in Sweden.or hot tubs is ower than it is in the US. will the US be an importer or an exporter of hot tubs?...
-
A borrower will make payments continuously at a constant rate of 5200 per month on a five year car loan with an interest of 4% per year that is compounded continuously. Write down an initial-value...
-
A 5-m 3 tank contains 2 kmol of oxygen and 5 kmol of nitrogen at 300 K. a. Find the total pressure of the mixture. b. Find the apparent constant-volume specific heat using a mass-basis (c v,mix in...
-
The Alert Company is a closely held investment-services group that has been very successful over the past five years, consistently providing most members of the top management group with 50% bonuses....
-
The following are audit procedures in the revenue cycle: 1. Examine a sample of shipping documents to determine whether each has a sales invoice number included on it. 2. Examine a sample of noncash...
-
The following misstatements are sometimes found in the revenue account balances: 1. Cash amounts received from collections of accounts receivable in the subsequent period are recorded as current...
-
You were asked in February 2015 by the board of management of your church to review its accounting procedures. As part of this review, you have prepared the following comments relating to the...
-
What are the main ethical issues that researchers may encounter when conducting business research and how can they address these issues ?
-
How has womens participation in the Olympics changed over the years? Explain
-
What is the Christian view of work according to the God is Not One: The Eight Rival Religions That Run the World.
Study smarter with the SolutionInn App