e auditor is governed by an audit framework as well as a regulatory environment that includes standards. Also, the auditor performs a risk assessment so that the audit strategy is adapted for detecting fraud or error that can contribute to a material misstatement of these financial statements.   Please evaluate the impact information technology can ha

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The auditor has a responsibility to the various users of financial statements including shareholders, debtors, creditors etc. for ensuring the fairness of these statements. In this regard, the auditor is governed by an audit framework as well as a regulatory environment that includes standards. Also, the auditor performs a risk assessment so that the audit strategy is adapted for detecting fraud or error that can contribute to a material misstatement of these financial statements.

 

Please evaluate the impact information technology can have on the audit process focusing on the risks associated with internal controls?

 
 
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