An audit benefits the __________.

Representations made by an entity about economic actions and events

Established criteria in an operational audit

Entity's own employees who investigate and appraise the effectiveness and efficiency of operations and internal controls

Government employees whose main concern is to determine whether persons or entities comply with government laws and regulations

These are needed to judge the validity of the assertions

______ application of the applicable financial reporting framework such as the PFRS results in fair presentation of financial statements.

What was held in the past will continue to hold in the future in the _______ of known conditions to the contrary.

Requires the auditor to make impartial assessment of all the relevant circumstances in forming a conclusion

_______ internal control system reduces the possibility of material misstatements of the financial statements.

Involves a review of an organization's procedures to determine whether the organization has adhered to specific procedures, rules, or regulations

What is the general assertion made by the auditee in a compliance audit?