If an auditors preliminary evaluation of internal controls results in an observation that controls may be inadequate,
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If an auditor’s preliminary evaluation of internal controls results in an observation that controls may be inadequate, the next step would be to:
a. Expand audit work before the preparation of a final engagement communication.
b. Prepare a flowchart depicting the internal control system.
c. Note an exception in the engagement final communication if losses have occurred.
d. Implement the desired controls.
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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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