Auditing principles essay questions
I’m trying to learn for my Accounting class and I’m stuck. Can you help?
What are the types of audit report opinions? When should an auditor issue each report? (2 Marks).
2- What is the importance of Auditor’s Risk Assessment process? Detail your answer. (1 Mark).
3- What is the difference between substantive analytical procedures and test of details? Detail your answer. (1 Mark).
4- Discuss how does internal control assessment affects audit risk model? (1 Mark).