It helps the auditor in confirming his or her understanding of control design and transaction process flow, as well as in determining whether all points at which misstatements could occur have been identified, evaluating the effectiveness of the design of controls, and confirming whether controls have been placed in operation. It identifies abuse of controls or indicators of fraud.
It helps the auditor in confirming his or her understanding of control design and transaction process flow, as well as in determining whether all points at which misstatements could occur have been identified, evaluating the effectiveness of the design of controls, and confirming whether controls have been placed in operation. It identifies abuse of controls or indicators of fraud.
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