The capabilities of individual staff members are key features in the effectiveness of an internal audit activity. what is the primary consideration used when staffing an internal audit activity
1. The capabilities of individual staff members are key features in the effectiveness of an internal audit activity. what is the primary consideration used when staffing an internal audit activity
Answer:
The capabilities of individual staff members are key features in the effectiveness of an internal audit activity. What is the primary consideration used when staffing an internal audit activity? Job descriptions.2. Why is it important to conduct periodic audits of a measurement system? What are some key questions to consider?
Answer:
Audit trails help to provide visibility into this information, creating a system to accurately review historical security and operational activity, improve the way information is stored, and secure authorized access to it.
Explanation:
I hope it helps!
3. There are two major categories of auditing: _____ auditing and _____ auditing
Answer:
external and internal
Explanation:
I hope it help
4. After garments are packed up to certain quantity, what does the quality control team do?A.internal final auditingB.Initial auditingC.final finishing auditingI Need the Answer Pleasee:((( pasahan na namin.
Answer: a internal final auditing
Explanation:
kase yan yungsagot ko tama ako promise tama yan
5. reason for auditioning PBBplease answer kailangan
Answer:
PBB-Pinoy big brother
Explanation:
u should audition:)
upang makatulong sa aking pamilya
6. In the auditing environment failure to meet auditing standards is often
In the auditing environment, failure to meet auditing standards is often: conclusive evidence of negligence. A common way for a CPA firm to demonstrate its lack of duty to perform is by use of a(n): audit contract, or engagement letter.
7. Which statement is not correct?The audit trail in a computerized environment a. consists of records that are stored sequentially in an audit file b. traces transactions from their source to their final disposition c. is a function of the quality and integrity of the application programs d. may take the form of pointers, indexes, and embedded keys
Answer:
I don't know sorry (◞‸◟ㆀ)
8. 3. It is a container for storing vouchers for future reference and verification during the night audit. a. Key Rack b. Room Rack c. Information Rack d. Voucher Rac
Answer:
it is D
Explanation:
i hope this can be of help
9. What is the purpose of auditioning and when does the audition actually begin?
QUESTIONS:
What is the purpose of auditioning and when does the audition actually begin?
ANSWER:The audition is a key part of applying to a conservatoire.
The audition process is designed to enable a conservatoire to find out about you – not just how accomplished you are, but what sort of person you are. They want to give you the chance to demonstrate your performance skills in support of your application.
10. is there a difference between accounting and auditing? explain your answer.
Answer:
Generally speaking, accounting is defined as managing an individual's or company's monetary records and reporting their financial affairs. Auditing, on the other hand, examines an individual's or company's accounting records to determine if the information they contain is legitimate and accurate.11. In the context of an audit of financial statements, substantive tests are audit procedures that
Answer:
Substantive testing is an audit procedure that examines the financial statements and supporting documentation to see if they contain errors.
12. which of the following is not included in qualitative data collection method?A. Triangulation (theories, data sources,data collection methods?B. Peer ReviewC. Audit trailD. Survey
Question:
which of the following is not incuded in qualitative data collection method?
Answer:
D-Survey
13. Discuss the composition of the Commission on Audit and the audit process
Answer:
Composition. The Commission on Audit is composed of a Chairperson and two Commissioners. They must be natural-born citizens of at least thirty-five years of age, and must be either a Certified Public Accountant or a lawyer.
Explanation:
hope it help and pls make me brainlest thank you
14. Internal audits are also called _____ audits.
Answer:
First-party audits
Internal audits are often referred to as first-party audits, while external audits can be either second-party or third-party.15. verification of environmental audit explain your answer?..
Answer:
Verification: audits evaluate compliance to regulations or other set criteria.
Explaination:
Documented: notes are taken during the audit and the findings recorded. Management tool: audits can be integrated into the management system (such as a quality management system or environmental management system).
16. According to the professional audit standars, the audit team should
Answer:
According to professional audit standards, the audit team should assemble early in the planning stages of an audit to conduct a fraud "brainstorming" meeting in order to determine the types of fraud that may occur with the client.
Explanation:
if wrong just report if check make me brainlest and pa follow
17. differentiate the process of performing an internal audit and external audit.
Answer:
The internal audit function is preventative and ongoing, providing insights and suggestions to management encompassing all governance, risk, and control processes, whereas an external financial audit tends to happen annually, or least once every five years, with a scope limited to financial statements.
Answer:
The internal audit function is preventative and ongoing, providing insights and suggestions to management encompassing all governance, risk, and control processes, whereas an external financial audit tends to happen annually, or least once every five years, with a scope limited to financial statements
Explanation:
correct nio nlng pag mali :))
18. your answer sheet.1. What is the purpose of conducting a night audit?
Answer:
Purpose of the night audit process is to do the same by collating revenue against various revenue heads.Explanation:
Night audit not only reviews guest accounts by checking credits and debits but also tracks the credit limits of the guests and tallies projected and actual sales from various departments.
19. is there a difference between accounting and auditing? explain your answer?
The difference between accounting and auditing is that accountants are responsible for preparing financial documents while auditors verify the accuracy of financial statements.
Explanation:
it's already explained
20. In developing the overall audit plan and audit program, the auditor should assess inherent risk at the:
In developing the overall audit plan and audit program, the auditor should assess inherent risk at the:
Audit plan
a.Financial statement level
Audit program
Accounting balance level
Not sure but I hope it helps!
21. Create a Flowchart in conducting Night Audit Exact answer=points Unnecessary answer= report
Answer:
nahintay kaba walana its a prank
22. Which one of the following is not one of the primary purposes of audit documentation prepared by the audit team?
Answer:
A basis for determining work deficiencies by peer review teams.
Explanation:
I think
23. The primary reason for an audit by an independent external audit firm is to
Answer:
provide increased assurance to users as to the fairness of the financial statements. a discipline that attests to financial information presented by management. management may not be objective in reporting. express an opinion as to the fairness of Camden's financial statements.
24. Which of the following audits can be regarded as being solely a compliance audit?
Answer:
audit of financial statements. An audit of a company's policies and procedures for adhering to environmental laws and regulations.
Explanation:
correct me if im wrong
25. Which of the following best describes a list of audit criteria in the audit of the treasury function?
Answer:
Suitable criteria are relevant, reliable, objective, and understandable and do not result in the omission of significant information, as applicable, within the context of the audit objectives. The relative importance of each of these characteristics to a particular engagement is a matter of professional judgment.Explanation:
PABRAINLIEST26. When performing an operational audit, the internal audit team must first determine that:
The primary responsibility of an internal audit team is to spot issues and get them fixed before they are found during an external audit by a third party company or regulatory body, like the Securities and Exchange Commission (SEC). An organization's risk management, governance, and internal control mechanisms must all be functioning properly, and internal audit's job is to independently certify this. A company's survival and profitability are directly impacted by the challenges that internal auditors deal with.
Internal auditors often carry out a wide range of duties to accomplish this purpose, including reviewing financial statements, expense reports, inventories, financial data, budgeting, and accounting procedures, as well as developing risk assessments for each department. To weed out potentially harmful errors or falsehoods and discover ways to increase productivity, thorough notes are collected, interviews with employees are done, work schedules are monitored, physical assets are confirmed, and financial accounts are closely examined.
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27. B. Enumerate the reasons why night audit do auditing at night?
Answer:
The purpose of the night audit process is to collate revenue against various revenue heads. To be precise, hotel night audit evaluates and closes daily cash flow into and out of the hotel's account. Also referred to as the end-of-day process, it ensures the rollover from one business day to the next day.
28. It is a container storing vouchers for future reference and verifications during the night audit. A. Folio Tray C. Key rack B. Information rack D. Voucher Rack
Answer:
1.b
Explanation:
po ang sagot Jan
pa brainlyst
Kasi I po nabasa ko sa internet
at tinuRyan ako ng teacher
29. The basic auditing application of the microcomputer as an audit tool would not include
Answer:
ano yung tanong
Explanation:
ano daw
30. In financial statement audits, the audit process should be conducted in accordance with
Answer:
Philippine standard on auditing
Explanation:
