Principles Of Auditing & Other Assurance Services
Principles Of Auditing & Other Assurance Services
21st Edition
ISBN: 9781259916984
Author: WHITTINGTON, Ray, Pany, Kurt
Publisher: Mcgraw-hill Education,
Question
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Chapter 5, Problem 51P

a.

To determine

Provide a conclusion and explanation on the auditor reliance on the given item.

b.

To determine

Provide a conclusion and explanation on the auditor reliance on the given item.

c.

To determine

Provide a conclusion and explanation on the auditor reliance on the given item.

d.

To determine

Provide a conclusion and explanation on the auditor reliance on the given item.

e.

To determine

Provide a conclusion and explanation on the auditor reliance on the given item.

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Assume that the auditors find serious weaknesses in the internal control of Oak Canyon, Inc., a producer and distributor of fine wines. Would these internal control weaknesses cause the auditors to rely more or less upon analytical procedures during their audit of Oak Canyon? Why?
Assume that the auditors find serious weaknesses in the internal control of Oak Canyon, Inc., a producer and distributor of fine wines. Would these internal control weaknesses cause the auditors to rely more or less upon physical evidence during their audit of Oak Canyon? Why?
Assume that the auditors find serious weaknesses in the internal control of Oak Canyon, Inc., a producer and distributor of fine wines. Would these internal control weaknesses cause the auditors to rely more or less upon documents created and used only within the organization? Why?

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Principles Of Auditing & Other Assurance Services

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