What is a walk-through, and why is this procedure used in an audit?
Answer to relevant QuestionsWhy is it not necessary to test control weaknesses? What action does the auditor need to take when control evaluation work indicates a control weakness? What two parts are important in writing out a control test for an audit program?Define control risk and list seven general categories of misstatements that controls are intended to prevent, detect, and correct.What procedures are auditors required to perform related to the financial statement closing process? Why are these procedures required? What can they find? If the auditor assessed the risk of material misstatement to be low, ...How does the auditor’s control risk assessment relate to audit risk?
Post your question