Question
Please help me answer the following questions. Subject: Auditing Theory TOPIC: Consideration of internal control 1) Define internal control. 2) Enumerate the components of internal
Please help me answer the following questions.
Subject: Auditing Theory
TOPIC: Consideration of internal control
1) Define internal control.
2) Enumerate the components of internal control and explain each.
3) Under control activites,explain how important is the segragation of incompatible duties in the overall effectiveness of internal control.
4) What are the steps considered in considering internal control.
5) Is test of control always required? Why or why not?
6) What is the best type of audit documentation of the client's internal control?
Thank you!
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