Why are the financial statement audit findings relevant to the auditor’s opinion on the effectiveness of internal controls over financial reporting?

Differences in Scope of Controls Tested in an Audit of Internal Control and an Audit of Financial Statements

1. Why are the financial statement audit findings relevant to the auditor’s opinion on the effectiveness of internal controls over financial reporting?
2. Explain the difference in the requirements for reporting on the effectiveness of internal controls over financial reporting for integrated audits versus financial statement–only audits.

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