Assume that the clients internal controls over the recording and classifying of permanent asset additions are considered

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Assume that the client’s internal controls over the recording and classifying of permanent asset additions are considered weak because the person responsible for recording new acquisitions has inadequate technical training and limited experience in accounting. How would this situation affect the evidence you should accumulate in auditing permanent assets as compared with another audit where the controls are excellent? Be as specific as possible.

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Applications Of Statistical Sampling To Auditing

ISBN: 9780130391568

1st Edition

Authors: Alvin A. Arens, James K. Loebbecke

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