One of the objectives of Compliance auditing is to:

In Compliance auditing, subject matter can only be in the form of information from the audited entity.

The primary purpose of a Compliance audit is to determine whether the financial statements are prepared in compliance with the relevant accounting framework.

Results of compliance audits are typically reported to someone within the audited entity rather than to a broad spectrum of outside users.

Comprehensive set of principles, standards and guidelines for Compliance auditing is used for the following:

SAIs are not constrained to use ISSAIs on Compliance auditing standards when conducting Compliance audit but the principles of Compliance auditing should be consistent with their governing auditing standards.

Compliance auditing can be performed in the following way:

When Compliance audit is performed together or coupled with Performance audit:

An SAI itself could not determine the scope and nature of work to be performed as all these should be dictated in the SAI mandate.

Public sector auditors are not accountable for the funds entrusted in public sector bodies.

Compliance auditing may concern with adherence to formal criteria such as relevant laws, regulations and agreements and/or with general principles governing sound financial management and the conduct of public officials

Which of the following is not correct?

Public sector auditors only report to Legislature/Parliament and Parliament Committees.

Which of the following are principles of Compliance auditing

Compliance Audit ISSAIs:

Which of the following is correct?

Compliance audit conducted on its own or separately have which characteristic(s)?

  The principles of professional judgement, professional scepticism and materiality are applied in which phase(s) of the audit?

Documentation and Communication are only important in the planning phase of a compliance audit

Determining Materiality can be based on:

Auditors should only communicate with the audited entity upon request from the audited entity

At which stage of a compliance audit would you perform quality control?

What is the most fundamental element of compliance auditing?

The Compliance Audit auditor is responsible:

Reasonable assurance is the only assurance an auditor can provide in an Attestation Engagement

The audit criteria used to evaluate or measure the subject matter in compliance audit should:

Audit assurance(s) that can be provided in an audit engagement is/are:

In an Attestation engagement in compliance auditing,

   In a Direct reporting engagement in compliance auditing,

The principles of professional judgement and professional skepticism are the same and the auditor should consider these throughout the whole audit process.

Which of the following is true about the audit scope in compliance auditing?

As part of the risk assessment in Compliance auditing, the auditor:

The auditor should formulate audit procedures:

Which of the following is incorrect?

It is always mandatory to focus on both regularity and propriety in compliance auditing