To Do an Audit, It Is Necessary for There to Be

question 52

Essay

To do an audit, it is necessary for there to be information in a verifiable form and some criteria by which the auditor can evaluate the information. (A) What information and criteria would an independent public accounting firm use when auditing a company's financial statements? (B) What information and criteria would a taxation auditor use when auditing that same company's tax return? (C) What information and criteria would an internal auditor use when performing a performance audit to evaluate whether the company's computerised payroll processing system is operating efficiently and effectively?

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Definitions:

XML

Extensible Markup Language, a flexible way to create common information formats and share both the format and the data on the World Wide Web, intranets, and elsewhere.

Content

The information and experiences that are directed towards an end-user or audience, including written text, images, audio, and video.

Displayed

This refers to the act of presenting information on a screen or other output device for viewing.

World Wide Web Consortium

An international community that develops open standards to ensure the long-term growth of the Web.