List the tools that can document the understanding of internal control.
Answer to relevant QuestionsWhat are the requirements under auditing standards for documenting the assessed level of control risk?Johnson, CPA, has been engaged to audit the financial statements of Rose, Inc., a publicly held retailing company. Before assessing control risk, Johnson is required to obtain an understanding of Rose’s control ...Briefly summarize management’s and the auditor’s basic responsibilities under Section 404 of the Sarbanes- Oxley Act of 2002. The period- end financial reporting process controls are always important. What are those controls, and what should the auditor’s evaluation of those controls include? Distinguish between generalized and custom audit software. List the functions that can be performed by generalized audit software.
Post your question