After obtaining an understanding of the client's internal controls, the auditor may choose to test some of
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After obtaining an understanding of the client's internal controls, the auditor may choose to test some of the controls. If the results of those tests are satisfactory, the auditor may then rely on those controls. What is the primary reason for relying on controls? What are other potential benefits from testing controls?
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The primary reason for relying on controls in an audit process is to gain assurance about the reliability of financial information and to reduce the e...View the full answer
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Related Book For 
Integrated Audit Practice Case
ISBN: 9780912503356
5th Edition
Authors: David S. Kerr, Randal J. Elder, Alvin A. Arens
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