Question

Auditing I Assignment I A. Majdi has a degree in accounting from BZU and works for a local accounting office. He was asked by a friend to prepare Financial statements for a small company in Ramallah. To help his friend Majdi prepared the financial statements and a report indicating that the financial statements were audited by him. What standards were violated and why? Is there a violation of the elements of audit quality control, briefly discuss?

"Audit"
solve it please, im gonna put a thumb up and 5 stars review for the solution
thanks a lot

Answer 1

In many ways it also flies in the face of the ISO 19011 ideals about "independent" verification. However, it does seem a little closer to reality for smaller businesses (and a significant proportion of the input to the changes came from them) to be able to address the need for multi-hatted people to audit without worrying about whether they touched the work they were looking at.

As for external auditors, well, they need to evolve or something...

The recently published ISO 9001:2015 no longer prohibits internal auditors from auditing their own work! The selection of auditors still has to ensure objectivity and impartiality