Pierce, an independent auditor, was engaged to examine the financial statements of Wong Construction, Inc., for the

Question:

Pierce, an independent auditor, was engaged to examine the financial statements of Wong Construction, Inc., for the year ended December 31, 2006. Wong's financial statements reflect a substantial amount of mobile construction equipment used in the firm's operations. The equipment is accounted for in a subsidiary ledger. Pierce developed an understanding of internal control and set the control risk at moderate. p-654

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Auditing And Assurance Services A Systematic Approach

ISBN: 9780073337203

5th Edition

Authors: William Messier, Steven Glover, Douglas Prawitt

Question Posted: