Mr. Mohammed, the auditor of Sunrise LLC planned the audit properly and performed it in accordance with ISA’s. But some material misstatements of the financial statements could not be detected. Which one of the following is the reason for this? Deficiencies in internal controlInherent limitation of an internal controlInherent limitation of an auditInternal control is not effective
Mr. Mohammed, the auditor of Sunrise LLC planned the audit properly and performed it in accordance with ISA’s. But some material misstatements of the financial statements could not be detected. Which one of the following is the reason for this? Deficiencies in internal controlInherent limitation of an internal controlInherent limitation of an auditInternal control is not effective
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 40RQSC
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Mr. Mohammed, the auditor of Sunrise LLC planned the audit properly and performed it in accordance with ISA’s. But some material misstatements of the financial statements could not be detected. Which one of the following is the reason for this? Deficiencies in internal controlInherent limitation of an internal controlInherent limitation of an auditInternal control is not effective
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