What risks are addressed by controlled access?
Answer to relevant QuestionsGive some examples of periodic comparisons a company can perform. How do they control the accuracy of its financial records? Why is it not necessary to test control weaknesses? What action does the auditor need to take when control evaluation work indicates a control weakness? How are control procedures with no documentary evidence tested? What is the impact on audit work of a “clean” audit as compared with a “dirty” audit? In what situation(s) would controls not be tested?
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