The Formal Audit Report May Be Presented in Various Formats

question 58

Short Answer

The formal audit report may be presented in various formats but should,at a minimum,contain comments on a number of points.Match each of the points below with its description.
A)Current status of the project
B)Risk assessment
C)Information pertinent to other projects
D)Limitations of the audit
1)What assumptions or limitations affect the data in the audit?
2)Does the work actually completed match the planned level of completion?
3)What is the potential for project failure or monetary loss?
4)What lessons learned from the project being audited can be applied to other projects being undertaken by the organization?

• A)Current status of the project
• B)Risk assessment
• C)Information pertinent to other projects
• D)Limitations of the audit
• 1)What assumptions or limitations affect the data in the audit?
• 2)Does the work actually completed match the planned level of completion?
• 3)What is the potential for project failure or monetary loss?
• 4)What lessons learned from the project being audited can be applied to other projects being undertaken by the organization?

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Definitions:

Cable Television

A system for delivering television programming to paying subscribers via radio frequency signals transmitted through coaxial cables or digital light pulses.

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Companies or entities that dominate an oligopoly, controlling significant market share and influencing prices and competition.

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Contracts that cannot be executed or enforced by law due to lack of essential legal requirements.

Criminal Conspiracies

Agreements between two or more parties to commit an illegal act or a legal act in an illegal manner.