What is meant by the cycle approach to auditing


Response to the following questions:

1. What is the auditor's responsibility when noncompliance with laws or regulations is identified or suspected?

2. Describe what is meant by the cycle approach to auditing. What are the advantages of dividing the audit into different cycles?

If possible, please give examples to better understand your answers.

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Auditing: What is meant by the cycle approach to auditing
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