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PLEASE HELP ME WITH QUESTION 8 7. What are the key considerations in determining what additional audit evidence to obtain about controls operating during the
PLEASE HELP ME WITH QUESTION 8
7. What are the key considerations in determining what additional audit evidence to obtain about controls operating during the roll-forward period? a. 8. For each of the three revenue risks identified by the engagement team, address the following: Was the engagement team's assessment of the evaluation of the design of each control appropriate (i.e., does the control identified by the team address the specific risk of material misstatement and associated assertion)? b. Was the engagement team's assessment of the risk associated with each control appropriate? c. Was the team's interim planned procedures to test the operating effectiveness of each control appropriate considering the risk associated with the control? d. Was the team's roll-forward planned procedures to test the operating effectiveness of each control appropriate considering the risk associated with the control? 7. What are the key considerations in determining what additional audit evidence to obtain about controls operating during the roll-forward period? a. 8. For each of the three revenue risks identified by the engagement team, address the following: Was the engagement team's assessment of the evaluation of the design of each control appropriate (i.e., does the control identified by the team address the specific risk of material misstatement and associated assertion)? b. Was the engagement team's assessment of the risk associated with each control appropriate? c. Was the team's interim planned procedures to test the operating effectiveness of each control appropriate considering the risk associated with the control? d. Was the team's roll-forward planned procedures to test the operating effectiveness of each control appropriate considering the risk associated with the control
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