1. If an auditor does not intend to rely on internal controls in the audit, does the auditor need to obtain an understanding of internal control? Explain.

The concept of materiality conveys whether a piece of information (a measure, an indicator, a finding) is important (i.c., "material"). The threshold of what is "important"is judged by C by the client, as they are paying for the audit by reference to the standard against which the audit is being performed C by a tribunal of experts that oversee sustainability audits C considering whether the person who relies on the information may have made a different decision on the subject matter

According to ISO 19011, an audit program is managed by the The organization needing to conduct audits Lead auditor Accreditation body O Auditee

2. Identify four risks associated with IT systems in accounting. For each of the four risks, identify whether they are mitigated by IT general controls or IT application controls. Identify a specific control that mitigates the risk (for each of the four IT risks identified) and explain how it mitigates the risk identified.

Obtaining an Environmental Professional designation as an environmental auditor in Canada requires [Multi-select] Evidence of audit experience up to 2 years work experience A university degree Writing an ethics exam

Financial audits, when compared to sustainability audits [Multi-select] CHave a longer history of practice and refinement C Are more closely controlled by audit guidelines Are often performed by engineers and general consultants C Rely on a "limited level of assurance"