ISA 315 provides an overview of the procedures that the auditor should follow in order to obtain
Question:
ISA 315 provides an overview of the procedures that the auditor should follow in order to obtain an understanding, sufficient to assess the risks and consider these risks in designing the audit plans describe the procedures.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
The risk assessment procedures should at a minimum be a combination of the following Inquiries of management and others within the entity It is import...View the full answer
Answered By
Antony Mutonga
I am a professional educator and writer with exceptional skills in assisting bloggers and other specializations that necessitate a fantastic writer. One of the most significant parts of being the best is that I have provided excellent service to a large number of clients. With my exceptional abilities, I have amassed a large number of references, allowing me to continue working as a respected and admired writer. As a skilled content writer, I am also a reputable IT writer with the necessary talents to turn papers into exceptional results.
4.50+
2+ Reviews
10+ Question Solved
Related Book For
Principles of Auditing An Introduction to International Standards on Auditing
ISBN: 978-0273768173
3rd edition
Authors: Rick Hayes, Philip Wallage, Hans Gortemaker
Question Posted:
Students also viewed these Business questions
-
The bookstore staff at Pleasant Creek Community College works hard to satisfy students, instructors, and the schools business office. Instructors specify textbooks for particular courses, and the...
-
Analyze and broadly categorize all product groups of a corporation of your choice into unsustainable, sustainable, and restorative products. Then summarize your finding in a sustainability product...
-
1. Can a company gain advantages besides profit by offshoring? If so, what are they? If not, why not? 2. Does a company face ethical considerations in deciding whether to offshore activities? Why or...
-
If the protein produced full length antibody, what would be the next step after centrifugation?
-
1. From an LMX theory point of view, how would you describe Jim's relationships with his employees at the district social security office? 2. Can you identify an in-group and an out-group? 3. Do you...
-
Consider the following classical economy: \[ \begin{array}{ll} A D & Y=400+50 \mathrm{M} / \mathrm{P} \\ A S & Y=\bar{Y}=1000 . \end{array} \] This economy produces only wine, its output is measured...
-
Explain the difference between in personam, in rem, and quasi in rem jurisdiction and give an example of each.
-
iii Columns Rows Value Operating Cash Flow: Discount Goods vs. Big Store 30K 25K 20K 15K 10K SK OK Store Measure Values 31,530 27,389 28,564 23,257 Measure Names Big Store 25,591 24,255 23,643 26,249...
-
Differentiate. y=7*.log 7x (7x.log 7x) 0g 7x) = dx
-
Analyze the events chronologically, one transaction at a time, beginning with the transaction on May 1st For each transaction that follows the May 1st transaction, calculate the balance in each...
-
List the planning procedures.
-
How can understanding a certain industry help an auditor?
-
Bolero, Inc., has compiled the following information on its financing costs: The company is in the 35 percent tax bracket and has a target debt-equity ratio of 60 percent. The target short-term...
-
Vintage, Inc. has a total asset turnover of 0.77 and a net profit margin of 5.14 percent. The total assets to equity ratio for the firm is 3.0. Calculate Vintage's return on equity.
-
1. If Box A weighs 20 pounds and sits 13 inches left of the fulcrum and Box B weighs 10 pounds and sits 11 inches left of the fulcrum, how much must Box C weigh if it sits10inches to the right of the...
-
What is the present value of $900 to be received 12 years from now discounted back to the present at 8 percent?
-
To prepare: Select one of the following health care organization to be the focus of your Final Project. Your selection can be within any type of health care organization and should reflect an actual...
-
You plan to borrow $48,400 at a 7.5% annual interest rate. The terms require you to amortize the loan with 10 equal end-of-year payments. What is the ending balance at the end of Year 3 ?
-
In Exercise 15, use technology to perform the hypothesis test with a P-value. Compare your result with the result obtained using rejection regions. Are they the same? Data from Exercise 15: A college...
-
The first law of thermodynamics is sometimes whimsically stated as, You cant get something for nothing, and the second law as, You cant even break even. Explain how these statements could be...
-
When detection risk is low, the auditor is likely to: a. Prepare the bank reconciliation using bank data in the clients possession or audit the bank reconciliation using a cutoff bank statement...
-
What information is obtained by sending a bank confirmation? Explain the importance of a bank confirmation to the audit of cash balances, including the assertions that are addressed by obtaining a...
-
The following client prepared bank reconciliation is being examined by Kautz, CPA, during an audit of the financial statements of Cynthia Company: Required Indicate one or more auditing procedures...
-
a. What is the profitability index for the set of cash flows if the relevant discount rate is 11 percent? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g.,...
-
Big Tommy Corporation is a local grocery store organized seven years ago as a corporation. The bookkeeper prepared the following statement at year-end (assume that all amounts are correct, but note...
-
Simplify. -3(a + b[2a-a(4 - b)])
Study smarter with the SolutionInn App