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PLEASE SHARE YOUR OPINION ABOUT AUDITING: 1. How often do we tend to rely on client controls? 2. Is it based on clients mostly or
PLEASE SHARE YOUR OPINION ABOUT AUDITING: 1. How often do we tend to rely on client controls? 2. Is it based on clients mostly or do firms tend to focus more on clients with stronger internal controls to help them in performing the audit? 3. How big of an effect are the internal controls when deciding to take on the client. 4. Is everything always depending on if any possible misstatement is possible then do, we then take charge and perform our own testing of controls? I feel like the answer is always it depends, but I wanted to get an idea of what to expect and if it is common to rely on clients./ ASAP, and half a page at least, please. Thanks
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