What can auditors do to improve the effectiveness of confirmation requests?
Answer to relevant QuestionsDifferentiate between authoritative and ordinary externally produced documents. List several types of audit work (initial events, audit procedures), and discuss their likely effectiveness for identifying financial statement misstatements.Why do audit firms and auditing standards require auditors to prepare and retain specific documentation of their audit work? Discuss the effectiveness of analysis for discovering misstatements.The six general audit procedures produce evidence about the principal management assertions in financial statements. However, some procedures are useful for producing evidence about certain assertions, while other procedures ...
Post your question