If an auditors preliminary evaluation of internal controls results in an observation that controls may be inadequate,

Question:

If an auditor’s preliminary evaluation of internal controls results in an observation that controls may be inadequate, the next step would be to:
a. Expand audit work before the preparation of a final engagement communication.
b. Prepare a flowchart depicting the internal control system.
c. Note an exception in the engagement final communication if losses have occurred.
d. Implement the desired controls.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Internal Auditing Assurance & Advisory Services

ISBN: 9780894139871

4th Edition

Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel

Question Posted: