You have recently become auditor of a small trading entity whose system is based on a series
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You have recently become auditor of a small trading entity whose system is based on a series of networked microcomputers using bought-in software for basic accounting functions. During the initial meeting with management, the managing director told you that he is really scared of all ‘this computer stuff’, particularly as there is no one in the entity who has any specialized knowledge of computers. How would you advise him? What do you think might be the key risks in such an entity?
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The Audit Process Principles Practice And Cases
ISBN: 9781473760189
7th Edition
Authors: Iain Gray, Louise Crawford, Stuart Manson
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