Consider the following two statements: Evaluating the adequacy of control design is necessary but not sufficient if
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Consider the following two statements: Evaluating the adequacy of control design is necessary but not sufficient if the objective of an assurance engagement is to reach a conclusion regarding the overall effectiveness of controls. If an internal auditor determines that a control is inadequately designed, there is no good reason to test the operating effectiveness of the control. Do you agree with each of these statements? Explain.
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Related Book For
Internal Auditing Assurance & Advisory Services
ISBN: 9780894139871
4th Edition
Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel
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