Question

...means forecasting and
preplanning with reference to
finance.
O
Budget
Audit
O
Control
0 Inspection​

Answer 1

Answer:

Audit means forecasting and preplanning with reference to finance.

Explanation:

• It goes without saying that planning begins as soon as an audit engagement begins.
• However, ISA 300 states that planning should not be regarded as a distinct and independent component of the total audit.
• Planning frequently starts with a review of issues that were raised with management, such as control shortcomings or uncorrected errors, shortly after or in connection with the conclusion of the preceding audit.
• Planning should take into account these issues as they are pertinent to the audit for the following year.Internal audits, IRS audits, and external audits are the three primary categories of audits.
• Certified Public Accounting (CPA) firms frequently carry out external audits, which produce an auditor's opinion that is included in the audit report.

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Answer 2

Answer:

The correct answer to this question is audit means forecasting and preplanning with reference to finance.

Explanation:

• The main objective of audit was to provide a reasonable assurance to the management control over the financial planning, forecasting and monitoring that is designed and operating efficiently. Implementation of the framework continues.
• The further developments of risk based financial monitoring activities will reduce the risk of lithium overspending or objective not being achieved. The Chief Financial Officer should ask and developed an appropriate risk based financial planning, forecasting and monitoring framework.

• Planning frequently starts with a review of issues that were raised with management, such as control shortcomings or uncorrected errors, shortly after or in connection with the conclusion of the preceding audit.
  
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