Trending Audit Management Discussions

What are the auditor's responsibilities relating to fraud in an audit of financial statements?‎

Answers:

6

Followers:

8

Views:

706

Vote Count:

2

Prime cost and conversion cost share what common element of total cost?‎

a) fixed overheads b) variable overheads c) direct material d) direct labor‎

Answers:

45

Followers:

43

Views:

81

Vote Count:

7

Which of the following may be assessed in non quantitative terms?‎

1) Inherent Risk 2) Residual Risk 3) Control Risk 4) Detection Risk‎

Answers:

23

Followers:

25

Views:

579

Vote Count:

7

What are the factors and basis on which the internal auditor builds a risk-based assessment of a company that does not have a strategic plan? ‎

It is essential that the risk-based audit plan be built according to the strategic objectives of the company. However, in the absence of strategic objectives, how will it‎ ... See More

Answers:

1

Followers:

1

Views:

102

Vote Count:

0

Can anyone define "anomaly"? ‎

Answers:

1

Followers:

1

Views:

217

Vote Count:

0

Select one of the options listed below which is not a benefit of budgeting:‎

A) Management can plan ahead B) An early warning system is provided for potential problems C) The coordination of activities is facilitated D) It reduces the need for ‎ ... See More

Answers:

17

Followers:

18

Views:

238

Vote Count:

6

Which of the following best describes the activities of the production function?‎

A)  Maintenance, inventory control and production planning B) Quality control, production planning, manufacturing and payroll C) Production planning, manufacturing and ‎ ... See More

Answers:

20

Followers:

21

Views:

1541

Vote Count:

6

Trade discount allowed at the time of Sale of goods is: ‎

A), recorded in Cash Book B). recorded in Sales Book C). not recorded in books of accounts D). recorded in Journal  ‎

Answers:

19

Followers:

24

Views:

707

Vote Count:

6

What is the difference between security survey and security audit?‎

Answers:

2

Followers:

2

Views:

745

Vote Count:

0

How internal audit is different from statutory audit & need for an internal audit?‎

Answers:

9

Followers:

9

Views:

995

Vote Count:

2