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Using the Zou Fencing Case, address the following in your paper (standard case and turn it in requirements apply). Discuss the key items auditors must
Using the Zou Fencing Case, address the following in your paper (standard case and turn it in requirements apply).
- Discuss the key items auditors must consider when determining the design effectiveness of internal controlsANDwhen testing the operating effectiveness of internal controls.
- What sort of evidence must an auditor consider when testing the operating effectiveness of internal controls?
- In this case for each of the risk identified by the engagement team, determine if the evaluation of design was appropriate (explain why or why not).
- Also discuss whether engagement team appropriately evaluated each risk, justify your answer.
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