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As per the standard audit engagement letter signed between external financial statement auditor and client/ auditee, auditor's primary role is to detect fraud. Ans: No, the prim
State four factors considered determining sufficiency of audit evidence
under what circumstances are internal controls inappropriate for auditors to check?
2 pages
Forms of evidence a) Observation: is usually witnessing internal control and book-keeping procedures. It includes attendance at wages pay out. Observation of stock-take, open
describe how the auditors would determine that all investments income from shares had been properly recorded in the accounting records
discuss the 4 stages of data processing in an accounting information system
Disclosure Requirements - Investment In common terms, the following items have to be disclosed in the concern to all investments: (a) The accounting policies about:-
Related Parties - Audit Evidence IAS 24 prescribes the disclosures essential to the possibility to draw attention which the financial position and loss or profit of an entity
Distinguish between early and modern audits
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