Give one example each of compliance, operational, and forensic audits.
Answer to relevant QuestionsBriefly discuss the key events that led up to the Sarbanes- Oxley Act of 2002 and the creation of the PCAOB.The AICPA performs a number of functions that directly bear on independent auditors of nonpublic entities, including promulgation of rules and standards. List four types of standards issued by the AICPA.Multiple Choice1. Which of the following is not a part of the role of internal auditors? a. Assisting the external auditors. b. Providing reports on the reliability of financial statements to investors and creditors. c. ...What types of inquiries about a prospective client should an auditor make to third parties? What are the three general types of audit tests? Define each type of audit test and give two examples.
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