Explain why an auditor needs to obtain an understanding of internal control relevant to the audit.
Description Q1 Explain why an auditor needs to obtain an understanding of internal control relevant to the audit. Q2 Explain how auditors identify significant deficiencies in internal control systems and how those significant deficiencies limit the extent of auditor’s reliance on that system. Auditor shall: (Guidance) • Assess the adequacy of the accounting system as […]