Question

Which of the following procedures would an auditor most likely perform while evaluating audit findings at the conclusion of an audit?

Answer 1

To evaluate audit findings at the conclusion of an audit, an auditor will summarize the assessment, restate and validate the audit objectives, and develop recommendations based on the findings to provide a complete audit report.

Step-by-step explanation:

An auditor is most likely to engage in several key procedures while evaluating audit findings at the conclusion of an audit. Typically, this involves interpreting and analyzing the results, formulating a conclusion based on the audit evidence, and providing recommendations. They will often:

• Summarize the assessment based on the criteria used during the audit.
• Restate and validate the audit objectives and any related assertions.
• Develop a list of recommendations based on the audit findings.

Each of these steps is vital in drafting the conclusion which allows the auditor to provide a comprehensive and informative audit report.