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Question 2: (25 marks) Assume that the auditors find a weak Internal Control system at Sunrising Company, a manufacturer and distributor of sanitary fittings. Would
Question 2: (25 marks) Assume that the auditors find a weak Internal Control system at Sunrising Company, a manufacturer and distributor of sanitary fittings. Would the weak internal control causes the auditors to rely more or less on each of the following types of evidence during their audit of Sunrising Company? a. Documents created and used only within the organization (5 marks) b. Physical evidence (5 marks) C. Evidence provided by specialists. (5 marks) d. Analytical procedures. (5 marks) e. Accounting records (5 marks) Required: For each of the above five items, state your assumption and explain fully the underlying reasoning
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