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Author Question: Auditors typically rely on internal controls of their private company clients (Read 137 times)

yulisa3298

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on: Aug 21, 2022

Question 1

Auditors frequently refer to the terms audit assurance, overall assurance, and level of assurance instead of
◦ detection risk.
◦ audit report risk.
◦ acceptable audit risk.
◦ inherent risk.

Question 2

Auditors typically rely on internal controls of their private company clients
◦ only as needed to complete the audit and satisfy Sarbanes-Oxley requirements.
◦ only if the controls are determined to be effective.
◦ only if the client asks an auditor to test controls.
◦ only if the controls are sufficient to increase control risk to an acceptable level.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by yulisa3298 on Aug 21, 2022

latoyia.cook

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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yulisa3298

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

Liamb2179

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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