Explain types of audit opinions that Auditors can conclude at Final stage of Audit. 

1. List out 2 tests which can be performed by auditor to check reliability of client's internal control systems.
2. What are the pros and cons of outsourcing internal auditor's work?
3. Write up the benefits of auditing around computer to external auditors?
4. How does fraud affects external auditor?
5. Define Management Assertions? How does this affect's the work of external auditor?
6. What are the benefits of using CAAT in external auditor's work?
7. Audit vs fraud audits. Explain the terms and differences.
8. List out duties and responsibility of client and external auditor toward fraud management.
9. Which ISA talks about Audit Evidence? Define the objective of the ISA and how does this standard guides external auditor's work? 

Answer rating: 100% (QA)

Types of audit opinions Unqualified opinion auditor concludes that financial statements are presented fairly in all material respects in accordance with the applicable financial reporting framework Qu... View the full answer