Problemif the auditor wishes to place reliance on internal, Ask an Expert

Accounting

Problem:

"If the auditor wishes to place reliance on internal control,he should ascertain and evaluate those controls and perform compliance tests on their operation"

(a) Describe an internal control system.

(b) You are required to identify and demonstrate your understanding of the main elements of a sound system of internal control.

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Auditing, Accounting

Category:- Auditing
Reference No.:- M9586297

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