Question: Why is it not completely accurate to describe the steps
Why is it not completely accurate to describe the steps of an audit in a chronological fashion?
Answer to relevant QuestionsWhy does it make sense to address controls and substantive audit procedures together for an integrated audit?Why is the evidence auditors can collect on controls that have no documents limited in what it tells the auditor?Why are confirmations considered more “reliable” audit evidence?What happens when management does not provide a representations letter? How does it affect the audit?Why do public accounting firms require their employees and partners to submit time sheets?
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