Assume that you are auditing the financial statements of Wexler, Inc. As you are reviewing the work

Question:

Assume that you are auditing the of Wexler, Inc. As you are reviewing the work on internal control, you become concerned about the adequacy of documentation. Describe the required documentation of internal control matters.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...