47. A) What are the two similarities between external auditors and internal auditors? (2 points) B)...
12. The fund internal auditors represent the interests of the organization and external auditors represent outsiders amental difference between internal and external auditing is that: b. internal auditors perform IT audits and external auditors perform financial statement audits c internal auditors focus on financial statement audits and external auditors focus on operational audits and financial statement audits d. external a. auditors assist internal auditors but internal auditors cannot assist external auditors 13. Which of the following is not an objective...
27. The fundamental difference between internal and external auditing is that a. internal auditors represent the interests of the organization and external auditors represent outsiders b. internal auditors perform IT audits and external auditors perform financial statement audits c. internal auditors focus on financial statement audits and external auditors focus on operational audits and financial statement audits d. external auditors assist internal auditors but internal auditors cannot assist external auditors
ISA240 fraud and error describe the responsibilities of both internal and external auditors in relation to fraud and error. Explain the differences between the responsibility of internal and external auditors for the prevention,detection and reporting of fraud and error.
Both internal audit and external audit provides assurance and consulting services to its clients. Although they have many similarities, they also have several differences. What are the similarities and differences between the two auditing professions?
Internal auditors focus on external auditors are more concerned with O A. e-commerce; fraud O B. company policies and procedures; financial statements O c. financial statements; risk assessment OD. financial statements; laws and regulations
1.PCAOB has oversight over external and internal auditors. A. True B. False 2. The primary objective of the PCAPB is to provide oversight over public companies that file their financials with the Securities and Exchange Commission A. True B. False 3. Auditing standards require that the firms have a system of quality controls to assure itself of compliance with auditing standards. A True B. False 4. An Auditors' opinion on internal controls over financial reporting is: A. As of the...
2 [6 points) What is the difference between internal and external memory fragmentation? Give an example of where each kind might occur
QUESTION 3 Monitoring internal control systems is the primary responsibility of the: Internal auditors External auditors Board of Directors Senior management QUESTION 4 Which of the following elements of an organization requires people to be accountable to superiors? Common goal or purpose Hierarchy of authority Coordination of effort Division of labor QUESTION 5 The flows of raw materials, components, finished goods, services, or information through intermediaries to ultimate consumers occur across the functions in an organization’s or separate organization’s: Integrated...
What are two similarities between pediatric enteral formulas and human milk? What are two differences ?
19) Which of the following illustrates the internal control procedure-separation of duties? A) External auditors will monitor internal controls. B) Electronic devices must be installed to reduce theft. C) Cashiers must not have access to accounting records. D) The invoices and other documents must be pre-numbered.