Parsons & Co, LLC, an audit firm, has audited Cascade Motors, a manufacturer of auto parts, for
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Parsons & Co, LLC, an audit firm, has audited Cascade Motors, a manufacturer of auto parts, for the last two years. Dereck Miller, a first-year auditor, has noted that the IT auditor has evaluated IT general controls (ITGC) as strong. Dereck notes that because ITGC’s are strong, controls over program changes are strong. Therefore, Dereck concludes they don’t need to do additional work to understand internal controls at Cascade Motors.
Required
Evaluate Dereck’s comments about the need to do additional work to understand internal controls.
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Related Book For
Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
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