Was it appropriate for Ernst & Young to decide not to rely on AA Capitals internal controls

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Was it appropriate for Ernst & Young to decide not to rely on AA Capital’s internal controls during the 2004 audits? Under what circumstances can auditors choose not to rely on a client’s internal controls?

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Contemporary Auditing

ISBN: 978-1285066608

8th edition

Authors: Michael C. Knapp

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Question Posted: Oct 02, 2014 07:34 AM

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Was it appropriate for Ernst & Young to decide not to rely on AA Capitals internal controls

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Both the AICPA and PCAOB auditing standards mandate that a...View the full answer

Contemporary Auditing

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