- 15 Marks
AA – Nov 2014 – L2 – Q7 – Emerging Trends in Auditing
Describe vouching, systems-based, and risk-based audits and discuss where vouching and systems audits are still applicable.
Question
The audit process has evolved from vouching and systems-based audits to risk-based auditing.
Required:
a. Give brief descriptions of each of the three types of audit stated above. (9 Marks)
b. State the instances where vouching and systems audits are still applicable. (6 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Audit Process, Audit Techniques, Risk-Based, Systems-Based, Vouching
- Level: Level 2
- Topic: Emerging Trends in Auditing
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