Answered: . Describe the two purposes of the…

. Describe the two purposes of the auditors' consideration of a client's internal control. b. Even the best internal control has certain limitations. List three of those limitations

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor

Section: Chapter Questions

Problem 32CYBK

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Q4) Auditors are required to consider a client's internal control.
a. Describe the two purposes of the auditors' consideration of a client's internal control.
b. Even the best internal control has certain limitations. List three of those limitations.

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