How do external auditors help managers meet their responsibilities for internal control?
Answer to relevant QuestionsWhy does the auditor evaluate the auditee’s internal controls? What risks are addressed by controlled access? Why are an auditee’s privacy controls relevant to the audit?What findings are auditors required to communicate to management? to the audit committee or board of directors?What does it mean if an overall audit plan is said to be cost effective? How do auditors develop a cost-effective overall audit plan?
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