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Author Question: For financial statement audits, auditors need to understand controls that are relevant to the audit ... (Read 97 times)

campbellfam07

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Question 1

Name three types of documents which auditors commonly use to obtain and to document their understanding in the audit working paper of the design of internal controls.

Question 2

For financial statement audits, auditors need to understand controls that are relevant to the audit in order to
◦ identify and assess the risks of material misstatements.
◦ perform preliminary analytical procedures.
◦ detect fraud.
◦ assess inherent risk.


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Marked as best answer by campbellfam07 on Aug 21, 2022

bball_babe_123

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campbellfam07

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Reply 2 on: Aug 21, 2022
Excellent


AmberC1996

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Reply 3 on: Yesterday
Wow, this really help

 

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