Internal auditors obtain an understanding of controls and perform tests of controls to: a. Detect material misstatements
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Internal auditors obtain an understanding of controls and perform tests of controls to:
a. Detect material misstatements in account balances.
b. Reduce control risk to an acceptable level.
c. Evaluate the design adequacy and operating effectiveness of the controls.
d. Assess the inherent risks associated with transactions.
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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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