Discuss the following statement: Auditors perform extensive tests on a companys internal control system, in order to
Question:
Discuss the following statement: ‘Auditors perform extensive tests on a company’s internal control system, in order to determine whether they can rely on that system in the course of their audit. Therefore, auditors can express an opinion on the adequacy of the audited company’s internal control system’.
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The COSO report envisaged creating a basis for the external reporting on the adequacy of the interna...View the full answer
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Related Book For 
Principles of Auditing An Introduction to International Standards on Auditing
ISBN: 978-0273768173
3rd edition
Authors: Rick Hayes, Philip Wallage, Hans Gortemaker
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