Question: Consider the control environment. Asses why it is important for auditors to understand a clients control environment. What are some limitations of internal controls? Now
Consider the “control environment.” Asses why it is important for auditors to understand a client’s control environment. What are some limitations of internal controls?
Now consider “segregation of duties.” Determine why it is important in an IT environment. What are some advantages of using IT and audit software when conducting an audit?
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Solution In all audits the auditor should obtain an understanding of internal control sufficient to plan the audit by performing procedures to underst... View full answer
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