Question: Audits can be categorized into five types: ( 1 ) financial statement audits, ( 2 ) audits of internal control, ( 3 ) compliance audits,
Audits can be categorized into five types: financial statement audits, audits of internal control, compliance audits, operational audits, and fraud audits.
Required:
For each of the following descriptions, indicate which type of audit financial statement audit, audit of internal control, compliance audit, operational audit, or fraud audit best characterizes the nature of the audit being conducted. Also indicate which type of auditor external auditor, internal auditor, government auditor, or fraud auditor is likely to perform the audit engagement. If more than one type of auditor might perform the audit engagement, include every appropriate type of auditor in your answer.
Note: If more than one option is appropriate for one of the dropdowns below, select the choice that represents all applicable
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