Podcast
Questions and Answers
What is the purpose of establishing effective communication throughout the audit process?
What is the purpose of establishing effective communication throughout the audit process?
- To keep the auditors informed
- To expedite the audit process
- To develop a constructive working relationship (correct)
- To minimize the need for documentation
Which of the following is NOT a requirement related to documentation as per the text?
Which of the following is NOT a requirement related to documentation as per the text?
- Using specific software for documentation (correct)
- Preparing documentation in a timely manner
- Providing timely observations and findings to management
- Assembling the final audit file
What is emphasized as vital for communicating significant audit findings?
What is emphasized as vital for communicating significant audit findings?
- Avoiding all forms of communication
- Oral communication only
- Two-way communication throughout the engagement
- Written communication (correct)
When can auditors depart from a relevant requirement in auditing standards regarding documentation?
When can auditors depart from a relevant requirement in auditing standards regarding documentation?
What is an essential aspect of communication during an audit engagement?
What is an essential aspect of communication during an audit engagement?
Why is it important to provide timely observations and findings to management during an audit engagement?
Why is it important to provide timely observations and findings to management during an audit engagement?
What does effective two-way communication during an engagement promote?
What does effective two-way communication during an engagement promote?
What is one of the aspects mentioned regarding documentation requirements when auditors perform new or additional audit procedures?
What is one of the aspects mentioned regarding documentation requirements when auditors perform new or additional audit procedures?
In what situation should auditors communicate significant audit findings to those charged with governance?
In what situation should auditors communicate significant audit findings to those charged with governance?
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