Assurance Test

Assurance Test

1 What are the safeguards of an assurance team in respect of taxation services?

2 A self- interest threat might arise a great number of areas, which are these?
3 To plan and perform an audit with an attitude of professional scepticism, auditor requires to bealert about some facts. What are these?
4 What are the safeguards of an assurance team in respect of internal audit service?
5 What are the problems with negative method?
6 What matters relating to risk may be recognized by the company to the time of purchase order?
7 What controls can be used to mitigate the risk for inward and recording invoice?
8 How many threats are available as per code of ethics?
9 When the auditor should be considered materiality according to ISA 320?
10 What matters to be considered before accepting an engagement?
11 Discuss tolerable error in test of control & in substantive procedures?
12 What standards and guidance are issued by ICAB for auditing?
13 Why the accountants require ethical code? / Why are the codes of ethics for professionals necessary
14 What control object should be taken in relating to risk may be recognized by the company at the time of purchase order?
15 What planning decisions will need to be recorded on the current audit file for cash?
16 Define Professional scepticism& Professional judgement?