Why is the auditor concerned about whether a company has controls over the development or changes it makes to computer software? What impact do these controls have over the auditor’s conclusions for the ICFR audit? The financial statement audit?
Answer to relevant QuestionsWhat concerns does the auditor have over access controls and their impact on data security? What impact would a problem with access controls have on the auditor’s conclusions in an ICFR audit of a company with an extensive ...Jessica Chatman is a staff auditor assigned the task of performing tests of internal controls for the JC Automotive Parts engagement. Before she begins testing, Jessica must first determine the timing of her tests. Because ...You are a new auditor for B&O LLP, a large public accounting firm with many publicly traded audit clients. You have just been assigned to perform controls testing for the integrated audit on one of B&O’s largest clients. ...At Genuine Products, Inc., time cards of 550 employees are collected weekly by the plant foreman and delivered to the IS department. There, the cards are sorted and the hours worked are entered into the computer. These ...What is the risk that an auditor concludes a control is functioning when it is not more important to the audit than concluding that a control is not function when it is?
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