Answer:
<em>communications</em><em>,</em><em>risk</em><em>,</em><em>systems</em><em>,</em><em>test</em><em>ins</em><em>,</em><em>procedures</em><em>,</em><em>interviews</em><em>,</em><em>documents</em><em>.</em>
Explanation:
The auditor considers many factors in determining the nature, timing, and extent of auditing procedures to be performed in an audit of an entity's financial statements. One of the factors is the existence of an internal audit function. fn 1 This section provides the auditor with guidance on considering the work of internal auditors and on using internal auditors to provide direct assistance to the auditor in an audit performed in accordance with generally accepted auditing standards.Note: When performing an integrated audit of financial statements and internal control over financial reporting, refer to paragraphs 16-19 of PCAOB Auditing Standard No. 5, An Audit of Internal Control Over Financial Reporting That Is Integrated with An Audit of Financial Statements, for discussion on using the work of others to alter the nature, timing, and extent of the work that otherwise would have been performed to test controls.
Roles of the Auditor and the Internal Auditors
<em>02 </em>
<h2>
<em>I</em><em> </em><em>HOPE</em><em> </em><em>THIS</em><em> </em><em>HELPS</em><em> </em><em>ALOT</em><em>!</em><em> </em><em>:</em><em>3</em></h2>
Answer:
True
Explanation:
Most of the organization suffers from InfoObesity, i.e., too much data without the proper holding structure for this.
Business intelligence abbreviated as BI plays a major role in the determining the planning strategies of an organizations and serves multiple purposes which includes measurement of performance towards business objectives, quantitative analysis, data reporting and sharing, etc.
BI systems helps in eliminating InfoObesity, by manging the data and filtration of the data with proper data structure to serve specific purposes.
