discussed in the chapter, the results of test of control should ultimately influence the auditors audit strategy. Required: Explain the differences between an audit of internal controls as required by AS 2201, and the testing of internal controls for the purposes of expressing an opinion on the financial statement as mandated by AU-C 315. Refer to the standards in your answer.
discussed in the chapter, the results of test of control should ultimately influence the auditors audit strategy. Required: Explain the differences between an audit of internal controls as required by AS 2201, and the testing of internal controls for the purposes of expressing an opinion on the financial statement as mandated by AU-C 315. Refer to the standards in your answer.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process
Section: Chapter Questions
Problem 29RQSC
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Question
As discussed in the chapter, the results of test of control should ultimately influence the auditors audit strategy.
Required:
Explain the differences between an audit of internal controls as required by AS 2201, and the testing of internal controls for the purposes of expressing an opinion on the financial statement as mandated by AU-C 315. Refer to the standards in your answer.
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