Question

9.?External and internal audit focused on: A. purpose of external audit, its importance and audit fields...

9.?External and internal audit focused on:
A. purpose of external audit, its importance and audit fields
B.purpose of internal audit, its importance and ways of its involvement in a company structure
C.relation of internal audit and controlling, internal audit and a company control department - internal audit output
10. Final accounts audit focused on:
A.purpose and goal of final accounts audit, its methods
B. obligation of final accounts audit
C. basic procedures of an auditor, their content and information sources
D.results of final accounts audit, their importance for further company development - legislation of an auditor profession

Homework Answers

Answer #1

9. answer : C. relation of internal audit and controlling, internal audit and a company control department - internal audit output

=> The main purpose of internal audit is to have internal control and relation with external world and compiling with rules and regulations.

10. answer : C. basic procedures of an auditor, their content and information sources

=> Final accounts are being made following the required procedures and varification of the sources of information to confirm authenticity of the Balance Sheet figures.

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