To Perform an Audit, It Is Necessary for the Information

question 33

Essay

To perform an audit, it is necessary for the information to be in a verifiable form and there must be some criteria by which the auditor can evaluate the information. Detail the information and criteria that would be used when
(A) an independent CPA firm audits a company's historical financial statements.
(B) an Internal Revenue Service auditor audits that same company's tax return.
(C) an internal auditor performs an operational audit to evaluate whether the company's computerized payroll processing system is operating efficiently and effectively.

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Definitions:

Level Off

The point at which something stops increasing or decreasing and remains consistent.

Performance

The action or process of carrying out or accomplishing an action, task, or function.

Stress Increases

A situation or condition that leads to heightened levels of stress, potentially affecting health or performance.

Increase

A rise in quantity, size, amount, or degree of something.