Assume that the auditor's tests of internal controls did not reveal any material weaknesses in controls. However,

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Assume that the auditor's tests of internal controls did not reveal any material weaknesses in controls. However, during the audit, a material misstatement in an important account was found. Does the auditor have to analyze the cause of the misstatement and report a material weakness in internal control? Explain your answer.
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Related Book For  answer-question

Auditing A Business Risk Approach

ISBN: 978-0538476232

8th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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