Your audit team is performing audit procedures related to a client's revenue for the month of April
Fantastic news! We've Found the answer you've been seeking!
Question:
Your audit team is performing audit procedures related to a client's revenue for the month of April 2019. The visualization titled "Gap Detection - All Invoices" presents the client's master sequence of invoices with "null" indicating a missing invoice. The visualization titled "Gap Detection - Missing Invoices" presents the same data, but only the invoices that are missing ("null"). Beginning invoice number on April 1st, 2019 is #2816, and ending invoice number, April 26th, 2019 is #7845.
What are the arguments in favor of this being a significant deficiency? Material Weakness? Not a problem?
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
Posted Date: