Question

In a compliance audit, which of the following matters is the auditor primarily concerned about?

Accepted Answer

A)  Whether the financial report is fairly presented in accordance with the identified financial reporting framework. 
B)  Whether the entity has achieved its stated objectives. 
C)  Whether the entity has followed the relevant requirements applicable to it. 
D)  Whether the entity has operated in the most economic and efficient manner. 
A)  Whether the financial report is fairly presented in accordance with the identified financial reporting framework. 
B)  Whether the entity has achieved its stated objectives. 
C)  Whether the entity has followed the relevant requirements applicable to it. 
D)  Whether the entity has operated in the most economic and efficient manner.

In a compliance audit, which of the following matters is the auditor primarily concerned about?

Assurance and Auditing: An Overview

The Structure of the Profession

Ethics, Independence and Corporate Governance

The Legal Liability of Auditors Part Two: Planning and Risk

Overview of Elements of the Financial Report Audit Process

Planning, Understanding the Entity and Evaluating Business Risk

Assessing Specific Business Risk

Understanding and Assessing Internal Control Part Three: Tests of Control and Tests of Details

Tests of Controls

Substantive Tests of Transactions and Balances

Audit Sampling Part Four: Completion and Communication

Completion and Review

The Auditors Reporting Obligations Part Five: Other Assurance Services

Internal Auditing

Other Assurance Services and Advanced Topics

Filters

Exam 15: Auditing and Assurance Services in the Public Sector

In a compliance audit, which of the following matters is the auditor primarily concerned about?

Assurance and Auditing: An Overview

The Structure of the Profession

Ethics, Independence and Corporate Governance

The Legal Liability of Auditors Part Two: Planning and Risk

Overview of Elements of the Financial Report Audit Process

Planning, Understanding the Entity and Evaluating Business Risk

Assessing Specific Business Risk

Understanding and Assessing Internal Control Part Three: Tests of Control and Tests of Details

Tests of Controls

Substantive Tests of Transactions and Balances

Audit Sampling Part Four: Completion and Communication

Completion and Review

The Auditors Reporting Obligations Part Five: Other Assurance Services

Internal Auditing

Other Assurance Services and Advanced Topics

Filters