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Quiz: How well do you know internal control auditing requirements?

by Deana Thorps, CPA | Aug 07, 2019   ()
Understanding and evaluating a client’s internal control are crucial to every audit and drive the procedures an auditor performs. However, a 2018 survey of peer reviewers found that over 40% of audits they evaluated didn’t comply with auditing standards because auditors didn’t properly obtain an understanding of their client’s controls.

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Source: Journal of Accountancy

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