Question: What are the important steps of obtaining an understanding of
What are the important steps of obtaining an understanding of the client’s ICFR?
Answer to relevant QuestionsWhat is a walkthrough?How are conflicting conclusions that are arrived at during the course of the audit handled in the audit documentation?When are period-end reporting processes conducted? How does this relate to the date of management’s report?What are some of the IT areas for which policies are needed?What types of characteristics of transactions can be easily checked with CAATS?
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