At the End of the Audit,the Auditor Performs Specific Audit

question 86

Essay

At the end of the audit,the auditor performs specific audit procedures and makes the final decisions in the audit process.a.Describe six specific audit procedures performed at the "end of the audit".Explain how the auditor gathers evidence related to these audit procedures and how the evidence from these procedures may affect the financial statements.b.What decisions are made at the end of an audit? How does the auditor know he is done with an audit?
c.What should the audit risk be of a finalized audit?

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Definitions:

Schachter Two-factor Theory

A theory suggesting that emotion arises from physiological arousal and cognitive labeling of the cause of that arousal.

Dangerous Situation

A scenario or environment that poses a risk of harm or injury to a person or people.

Heart Pounding

The sensation of a rapidly beating heart, often experienced during intense emotion or physical exertion.

Afraid

A feeling of fear or anxiety about a possible or impending situation or event.