HI6026 - Audit, Assurance and Compliance, Preliminary Analytical
Added on - Mar 2020
In the HI6026 Assignment, we will discuss Audit, Assurance, And Compliance. Preliminary analytical procedures help an auditor in the development of a strategy for auditing. Inherent risk is those risk that lies beyond the control of an auditor’s audit procedures and methods of control. As per the background information of DIPL, its two fraud risk factors are loans taken from BDO Finance Ltd. and another is the adoption of a new IT system in their course of operations.
In the end, we discussed Audit, Assurance, and Compliance in this assignment we covered three questions. In first question we explained Preliminary Analytical Procedures, Inherent risk, and Background Information of DIPL.