Question: Explain the difference between Design effectiveness and operating effectiveness What is AS 2201? - It encourages the audit team to use the internal auditors in

Explain the difference between Design effectiveness and operating effectiveness What is AS 2201? - It encourages the audit team to use the internal auditors in some situations, only after the audit team evaluated the internal auditors in what ways? - What is internal control deficiency, material weakness, and a significant deficiency - Regarding control deficiencies, What must the auditor communicate To whom? What happens if there are no deficiencies

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