Many diverse types of entities undergo audits. Provide three reasons for each of the following types of entities to undertake an annual audit, and indicate the types of benefits they would receive from an audit:   Entities Types of entities Types of benefits a Food  for the Students charity 1. 2. 3. b BHP Billiton Nickel West Pty Ltd public company 1. 2. 3. c Canterbury League Club Club 1. 2. 3. d City of Canterbury-Bankstown Council Municipal government   1. 2. 3.

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter1: Quality Auditing: Why It Matters
Section: Chapter Questions
Problem 14RQSC
icon
Related questions
Question

Many diverse types of entities undergo audits. Provide three reasons for each of the following types of entities to undertake an annual audit, and indicate the types of benefits they would receive from an audit:

 

Entities

Types of entities

Types of benefits

a

Food  for the Students

charity

1.

2.

3.

b

BHP Billiton Nickel West Pty Ltd

public company

1.

2.

3.

c

Canterbury League Club

Club

1.

2.

3.

d

City of Canterbury-Bankstown Council

Municipal government

 

1.

2.

3.

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Internal Control Audit
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Auditing: A Risk Based-Approach (MindTap Course L…
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Contemporary Auditing
Contemporary Auditing
Accounting
ISBN:
9781337650380
Author:
KNAPP
Publisher:
Cengage
International Financial Management
International Financial Management
Finance
ISBN:
9780357130698
Author:
Madura
Publisher:
Cengage
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning