4 Questions
What type of services can an external audit firm provide?
Independent audit of financial statements
What is the focus of external IT auditors?
Understanding IT systems supporting financial transactions
Why does an external IT auditor need to consider general IT controls and application controls?
To respond adequately to risks from IT systems
What is the focus of Figure 1.4 in the text?
Comparing internal and external audit reviews
Test your knowledge on the services provided by external audit firms, including auditing financial statements, compliance with regulations, and managed services like controls testing. Explore the guidance provided by the PCAOB on services that external auditors can perform alongside an audit.
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