Auditing Standards require: (1) that we obtain an understanding of the accounting system in order to assess
Question:
Auditing Standards require:
(1) that we obtain an understanding of the accounting system in order to assess its adequacy as a basis for the preparation of the financial statements, and that we
(2) vary the nature and extent of our tests according to our assessment of the accounting system, and where appropriate, our assessment of the system of internal control, so as
(3) to obtain relevant and reliable evidence sufficient to enable us to draw reasonable conclusions therefrom.
Unqualified opinion
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Related Book For
Current Issues In Auditing
ISBN: 9781853963650
3rd Edition
Authors: Michael J Sherer, W Stuart Turley
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