Explain what the staff should expect the auditors to do. Be sure to include the requirements of the Sarbanes Oxley Act in your explanation.

Auditors have come into a department as part of a company-wide audit prior to issuing an audit opinion for the company’s financial reports. In a one- to two-page paper, explain what the staff should expect the auditors to do. Be sure to include the requirements of the Sarbanes Oxley Act in your explanation.

Explain your understanding of ‘sufficient appropriate evidence’.Identify and describe using suitable and relevant examples TWO procedures that the auditor would use to obtain audit evidence.

Under ISA 500 “Audit Evidence” auditors must design and perform audit procedures to obtain sufficient appropriate audit evidence to enable the auditor to form an audit opinion. Explain your understanding of ‘sufficient appropriate evidence’. Audit evidence can be obtained from a variety of different sources. Identify the main sources of audit evidence and their degree […]

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