Question: a) Explain why the control environment is considered the foundation of the system of internal controls for a company. b) Is it appropriate that the
a) Explain why the control environment is considered the foundation of the system of internal controls for a company.
b) Is it appropriate that the Auditor may decide not to Management Letterduring the course of an audit?
c) How do tests of controls differ from substantive procedures
d) How are the results of tests of controls related to decisions about the nature,timing and extent of substantive procedures?
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