Describes primary purpose of statements on auditing standard

Assignment Help Auditing
Reference no: EM13506772

Which of the following statements best describes the primary purpose of Statements on Auditing Standards?

They are guides intended to set forth auditing procedures that are applicable to a variety of situations.
They are procedural outlines that are intended to narrow the areas of inconsistency and divergence of auditor opinion.
They are authoritative statements, enforced through the Code of Professional Conduct.
They are interpretive guidance.

Reference no: EM13506772

Questions Cloud

Calculate the frequency and the speed of the wave : A wave is moving along a string. The equation giving the displacement y of a point at coordinate x and at time t has the form y = 0.2cos(4pi(x)/5-20pi(t)), Calculate the frequency and the speed(m/s) of the wave
Estimate the focal length of the diverging lens : A lens system consists of two lenses, one is converging and the other is a diverging lens. A screen is placed 32 cm to the right of the converging lens. Find the focal length of the diverging lens
Find the distance of final image along with magnification : Two converging lenses are used in a particular device. The first lens (the one closest to the object) has a focal length of 200 mm. Find the distance of the final image along with its magnification
Active engagement and individual transformation : Explain the usefulness of social-change organizations in addressing social inequality as it relates to participantâNTS active engagement and individual transformation
Describes primary purpose of statements on auditing standard : Which of the following statements best describes the primary purpose of Statements on Auditing Standards?
Financial capital and cultural capital : Discuss the ways in which social inequality can be alleviated at is relates to financial capital and cultural capital.
At what amount does cuff price the food : This price includes the 6% sales tax and the 15% service charge. Sales tax is computed on the food plus the service charge. The service charge is computed on the food only. At what amount does Cuff price the food?
Significantly improve the security of our borders : Can immigration reform reach a level which will both improve the process for obtaining citizenship and significantly improve the security of our borders?
Find the magnitude of the electric field in the vicinity : The drawing shows the potential at five points on a set of axes. find the magnitude of the electric field in the vicinity of the origin

Reviews

Write a Review

Auditing Questions & Answers

  Internal audit

Describe and evaluate this type of internal audit. What types of organisation would it be most useful for?

  Accounting professional and ethical standards

Code of Ethics for Professional Accountants

  Prepare swag''s consolidated balance sheet

Prepare Swag's consolidated balance sheet

  Auditing and assurance

Notable operational challenges for 4X Heavy Ltd faced in 2012/2013 were but not limited to

  State of the company’s industry and associated risk factors

Audit partner is concerned about his lack of knowledge of the industry the company is operating in, state of the company's industry and associated risk factors

  Prepare a memo to the audit partner

Prepare a memo to the audit partner on the ‘state of the company's industry' and associated risk factors.

  Adjusting or non- adjusting events

State whether Event is adjusting or non-adjusting event.

  Audit financial data

As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.

  Identify principal audit risk

To identify principal audit risk and corresponding audit procedures

  Auditing and assurance

Show the audit inherent risk and rate the risk as low, medium or high.

  National health reform

Explain the role of the following three 'bodies' in National Health Reform

  Prepare a memo on the state of the company''s industry

Prepare a memo on the 'state of the company's industry' and associated risk factors.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd