Describe which of the four categories of broad objectives for internal controls are considered by the auditor in an audit of both the financial statements and internal control over financial reporting Why are these categories considered ...

Management designs systems of internal control to ...

Describe which of the four categories of broad objectives for internal controls are considered by the auditor

Question:

Describe which of the four categories of broad objectives for internal controls are considered by the auditor in an audit of both the and internal control over financial reporting. Why are these categories considered?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...