Question: Each and every standard is important and are interlinked or interdependent, but I consider General Auditing Standards more important or they're more significant. General Principles

Each and every standard is important and are interlinked or interdependent, but I consider General Auditing Standards more important or they're more significant. General Principles and responsibilities of independent auditor, role and responsibilities of predefined plays an important role in quality audit. If all the hindrances and obstacles are removed audit can be performed freely and the reports would be fruitful. Auditor must be given free hand to get accurate and exact data and every transa

Step by Step Solution

★★★★★

3.38 Rating (154 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Answer Explanation i AUDITING STANDARDS provide minimum guidance for the auditor that helps determine the extent of audit steps and procedures that sh... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Would it be better if international auditing standards were set by the United Nations rather than under the existing system?

I can get Mickey to download any data I need from the Web or our server to my PC, DeWitt Miwaye, an upper-level manager for Yumtime Foods (a Midwest food wholesaler), tells you. Getting data is no...

Auditing standards require the auditor to observe the client's physical inventory. That requirement could be met by observing the client's annual physical count of inventory and, in some...

Statement on Auditing Standards No. 19, "Client Representations," requires that an independent auditor obtain a written representation letter from management, and precludes the auditor from issuing...

The prisoners dilemma game is one of the most important models in all of social science: Most games of trust can be thought of as some kind of prisoners dilemma. Heres the classic game: Two men rob a...

Get Connected, Inc., operates several Internet kiosks in Atlanta, Georgia. Customers can access the Web at these kiosks, paying $2 for 30 minutes or a fraction thereof. The kiosks are typically open...

3: Can employees really manage themselves? At W. L. Gore and Associates, self-managed teams have helped create a a thriving business that has operated profitably for more than 50 years.78 Gore is a...

D.20 Ted Glickman, the administrator at D.C. General Hospital emergency room, faces the problem of providing treatment for patients who arrive at different rates during the day. There are four...

In Figure a, particles 1 and 2have charge 20.0?C each and are held at separation distance d = 1.50 m.(a) What is the magnitude of the electrostatic force on particle 1 due to particle 2? In Figure b,...

Two identical speakers emit sound waves of frequency 680 Hz uniformly in all directions. The total audio output of each speaker is 1 mW. A point P is 2.00 m from one speaker and 3.00 m from the...

Balance sheets for Plasma Screens Corporation along with additional information are provided below. Additional Information for 2015: 1. Net income is $95,000. 2. Sales on account are $1,800,000. 3....

Using Table 6.6, what is your best guess about the current price of gold per ounce? Explain with detail.

Question 3 2 p t s ements Using Euler's Method with t = 0 . 5 , estimate y ( 4 ) for the ODE d y d t = 2 t y , 1 0 where y ( 0 ) = 1 . Please d o this b y hand and with the aid o f a basic...

Find I0 in the network shown if IS=12 i1(t) 10(t)

Find in the network shown using Nortons Theorem 2 12 V 2

For the given vectors V 1 and V 2 , determine V 1 + V 2 , V 1 + V 2 , V 1 V 2 , V 1 V 2 , V 2 V 1 , and V 1 V 2 . Consider the vectors to be non dimensional. y V2 = 12 V = 15 60 x- Problem 1/3

A piece of equipment consists of seven tubes connected as shown in the diagram below. Find the reliability of the system if the tubes have probabilities of functioning given by p A = .80, p B = .90,...

Draw the waveform for the current in a 12-uF capacitor when the capacitor voltage is as described in Figure 5.16 12 10 16 Kus) Figure P5. 16

Anti-convulsants are used in patients with epilepsy. What is epilepsy? What is the difference between a febrile seizure and an afebrile one? What are the differences between first and second...

Please read first document and then answer the second document's questions. Please answer the questions about 3 pages and use paraphrasing. Do not copy the article. Thank you! Personal Reections on...

[43] A universal Turing machine U is a standard Turing machine, or standard machine for short, if for every other Turing machine V there is a polynomial time function f such that f(p) l(p) + O(1)...

Par's production is constrained by a limited number of hours available in each department. The director of manufacturing estimates that 630 hours for cutting and dyeing, 300 hours for sewing, 708...

A. The program that takes in the signs of 5 subjects and shows the evaluation. Duscussion For this solicitation, you ought to: 1. Explore concludes that may be colossal in settling on a choice about...

The assignment is to write a lexical analyzer (scanner) for PASCAL programming language, taking in consideration the following: (*) You will be a given a list of the reserved words, standard...