financial statement audit is a matter of debate. Someargue that the existence of a DRP is irrelevant to theaudit. Others argue that it is an important controlthat needs to be considered in the assessment ofinternal control.RequiredAddress both sides of this debate.a. Provide a logical argument why a DRP shouldnot be considered in the audit.b. Argue why a DRP is an important control andshould be reviewed within the conduct of a financialaudit.
financial statement audit is a matter of debate. Someargue that the existence of a DRP is irrelevant to theaudit. Others argue that it is an important controlthat needs to be considered in the assessment ofinternal control.RequiredAddress both sides of this debate.a. Provide a logical argument why a DRP shouldnot be considered in the audit.b. Argue why a DRP is an important control andshould be reviewed within the conduct of a financialaudit.
Accounting Information Systems
10th Edition
ISBN:9781337619202
Author:Hall, James A.
Publisher:Hall, James A.
Chapter14: Auditing It Controls Part I: Sarbanes-oxley And It Governance
Section: Chapter Questions
Problem 4P
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| financial statement audit is a matter of debate. Some argue that the existence of a DRP is irrelevant to the audit. Others argue that it is an important control that needs to be considered in the assessment of internal control. Required Address both sides of this debate. a. Provide a logical argument why a DRP should not be considered in the audit. b. Argue why a DRP is an important control and should be reviewed within the conduct of a financial audit. |
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