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People also ask
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What are the three major objectives of an IT audit?
IT audit objectives Evaluation of systems and processes that are supposed to secure company data. Determining potential risks that could compromise information assets and finding ways to mitigate these risks. Verifying the reliability and integrity of information.
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What is the primary objective of is audit function?
The correct answer is: B. determine whether information systems safeguard assets, and maintain data integrity. Explanation: The primary reason for conducting IS audits is to determine whether a system safeguards assets and maintains data integrity.
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What is the primary objective of is audit function?
The correct answer is: B. determine whether information systems safeguard assets, and maintain data integrity. Explanation: The primary reason for conducting IS audits is to determine whether a system safeguards assets and maintains data integrity.
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What is the objective of the audit statement?
An audit objective is the hypothesis that will be tested through the collection and analysis of evidence. It should be framed in a way that allows a clear and unambiguous conclusion, made in a pass/fail or yes/no format—either the entity did or did not meet the required performance standard.
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What is auditor overall objective?
The objective of the auditor is to plan and perform the audit to obtain appropriate audit evidence that is sufficient to support the opinion expressed in the auditor's report.
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What are the key audit objectives?
Primary & Subsidiary Audit Objectives Examine Financial Statements. Evaluate Organizational Operations. Ensure Legal Regulations. Evaluate Effectiveness. Detection and Prevention of Errors. Detection and Prevention of Frauds. Under or Over-Stock Valuation.
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What is the main objective of audit?
Main Objective: The main objective of the auditing is to find reliability of financial position and profit and loss statements. The objective is to ensure that the accounts reveal a true and fair view of the business and its transactions.
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What is the primary objective of audit documentation?
Objectives of Audit Documentation Audit documentation also facilitates the planning, performance, and supervision of the engagement, and is the basis for the review of the quality of the work because it provides the reviewer with written documentation of the evidence supporting the auditor's signNow conclusions.
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