Muscat audit firm is conducting audit for Suhail Bahwan Group since 15 days. Muscat audit firm...
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Muscat audit firm is conducting audit for Suhail Bahwan Group since 15 days. Muscat audit firm needs more time to continue the audit because of the size and profile of Bahwan group. The audit firm extended their audit for another 5 days. At the end of audit, the auditors discussed few things in an exit meeting, except: O a. Audit results with the management O b. Their questions and concerns Oc The new processes and documentation O d. Corrective action plans for the audit issues identified Star audit firm have started the annual audit of Carrefour Muscat. The auditors have a long meeting with their management. Their target is to conduct the audit during one week. The auditors have started their work. identify which of the following is related to their audit process. O a. Discussing corrective action plan O b. Identifying the risk O. Conduct interviews O d. Create audit procedure and plan Question 17 Star enterprises internal control system consist of policies and procedures, which helps the management to achieve their objectives and goals. They achieve their goals by Not yet answered O a. Producing high quality product O b. Keeping good relationship with external auditors O . Keeping good relationship with internal auditors O d. Proper follow up with applicable laws and regulations Marked out of 1.00 P Flag question Muscat audit firm is conducting audit for Suhail Bahwan Group since 15 days. Muscat audit firm needs more time to continue the audit because of the size and profile of Bahwan group. The audit firm extended their audit for another 5 days. At the end of audit, the auditors discussed few things in an exit meeting, except: O a. Audit results with the management O b. Their questions and concerns Oc The new processes and documentation O d. Corrective action plans for the audit issues identified Star audit firm have started the annual audit of Carrefour Muscat. The auditors have a long meeting with their management. Their target is to conduct the audit during one week. The auditors have started their work. identify which of the following is related to their audit process. O a. Discussing corrective action plan O b. Identifying the risk O. Conduct interviews O d. Create audit procedure and plan Question 17 Star enterprises internal control system consist of policies and procedures, which helps the management to achieve their objectives and goals. They achieve their goals by Not yet answered O a. Producing high quality product O b. Keeping good relationship with external auditors O . Keeping good relationship with internal auditors O d. Proper follow up with applicable laws and regulations Marked out of 1.00 P Flag question
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Answer rating: 100% (QA)
1 option c The new processes and documentation The reasons is So as mentioned in the question it is closing meeting so In audit exit meetings all issu... View the full answer
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
Posted Date:
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