What sources of information can auditors use to gain knowledge about the auditee’s internal controls?
Answer to relevant QuestionsWhy is audit file documentation required for the auditor’s decision on whether to rely on controls in the audit planning? What is the purpose of a bridge working paper, and what information does it contain? Categorize the eleven points of vulnerability to misstatement errors related to manual input, computer processing, and error correction activities in a computerized information system.What are the auditors’s reporting responsibilities for internal control deficiencies? An experienced auditor remarked that it is only necessary to check the additions and extensions on one invoice generated by an IT-based system, because if the computer program does one invoice correctly it will do them all ...
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