Why are the control objectives the same regardless of whether manual or IT controls procedures are used?
Answer to relevant QuestionsHow does the degree of control reliance relate to the auditor’s control risk assessment? What findings are auditors required to communicate to management? to the audit committee or board of directors?Why can it be efficient for the auditor to rely on internal controls?In what situation(s) would controls not be tested?What does the auditor need to understand about the flow of transactions in the auditee’s information systems?
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