Audit Principles – NBC Institute

AA – Dec 2022 – L2 – Q3a – Audit and Assurance Evidence

Outlines five general principles from ISA 500 for assessing the reliability of audit evidence provided by a client

Question

You have been asked by your Audit Manager to assess the audit evidence provided by a client, a small company owned by Mr. and Mrs. Randolph-Phillips. You observed that the files have been neatly packaged and well referenced. You are however skeptical as to the quality of evidence provided because the year’s audit encountered many difficulties.

Required:
Outline FIVE (5) general principles in accordance with ISA 500: Audit Evidence, that will assist you in assessing the reliability of the audit evidence received.

Answer

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Tags: Audit evidence, Audit Principles, Audit Process, ISA 500, Reliability
Level: Level 2

Topic: Audit and Assurance Evidence
Series: DEC 2022

AAA – May 2021 – L3 – Q4b – Public sector audit | Assurance services

Discuss the principles of performance audit and describe the documentary evidence useful during the planning stage of a performance audit.

Question

Performance audit is an independent assessment of an entity’s operations, typically associated with government agencies. The goal is to evaluate the performance of a stated program to determine its effectiveness and to make changes if needed. Performance audits often include an analysis of the conditions necessary to ensure that the principles of economy, efficiency, and effectiveness are upheld. It is necessary in a performance audit to document the audit plan in an audit engagement.

Required:

i) Discuss the principles of performance audit. (6 marks)

ii) Describe FOUR (4) documentary evidence useful at the planning stage during an audit exercise. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Principles, Documentary Evidence, Economy, Effectiveness, Efficiency, Performance Audit
Level: Level 3

Series: MAY 2021

AA – Dec 2022 – L2 – Q3a – Audit and Assurance Evidence

Outlines five general principles from ISA 500 for assessing the reliability of audit evidence provided by a client

Question

Required:
Outline FIVE (5) general principles in accordance with ISA 500: Audit Evidence, that will assist you in assessing the reliability of the audit evidence received.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit evidence, Audit Principles, Audit Process, ISA 500, Reliability
Level: Level 2

Topic: Audit and Assurance Evidence
Series: DEC 2022

AAA – May 2021 – L3 – Q4b – Public sector audit | Assurance services

Discuss the principles of performance audit and describe the documentary evidence useful during the planning stage of a performance audit.

Question

Required:

i) Discuss the principles of performance audit. (6 marks)

ii) Describe FOUR (4) documentary evidence useful at the planning stage during an audit exercise. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Principles, Documentary Evidence, Economy, Effectiveness, Efficiency, Performance Audit
Level: Level 3

Series: MAY 2021

Question Tag: Audit Principles

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AA – Dec 2022 – L2 – Q3a – Audit and Assurance Evidence

Outlines five general principles from ISA 500 for assessing the reliability of audit evidence provided by a client

AAA – May 2021 – L3 – Q4b – Public sector audit | Assurance services

Discuss the principles of performance audit and describe the documentary evidence useful during the planning stage of a performance audit.

AA – Dec 2022 – L2 – Q3a – Audit and Assurance Evidence

Outlines five general principles from ISA 500 for assessing the reliability of audit evidence provided by a client

AAA – May 2021 – L3 – Q4b – Public sector audit | Assurance services

Discuss the principles of performance audit and describe the documentary evidence useful during the planning stage of a performance audit.

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AA – Dec 2022 – L2 – Q3a – Audit and Assurance Evidence

Outlines five general principles from ISA 500 for assessing the reliability of audit evidence provided by a client

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AAA – May 2021 – L3 – Q4b – Public sector audit | Assurance services

Discuss the principles of performance audit and describe the documentary evidence useful during the planning stage of a performance audit.

You're reporting an error for "AAA – May 2021 – L3 – Q4b – Public sector audit | Assurance services"

AA – Dec 2022 – L2 – Q3a – Audit and Assurance Evidence

Outlines five general principles from ISA 500 for assessing the reliability of audit evidence provided by a client

You're reporting an error for "AA – Dec 2022 – L2 – Q3a – Audit and Assurance Evidence"

AAA – May 2021 – L3 – Q4b – Public sector audit | Assurance services

Discuss the principles of performance audit and describe the documentary evidence useful during the planning stage of a performance audit.

You're reporting an error for "AAA – May 2021 – L3 – Q4b – Public sector audit | Assurance services"

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