Finance Train
Menu

Ebooks / Learn Auditing / Chapter 18 of 23

Testing Internal Controls

Financial AnalysisAugust 5, 2012 ยท 1 min read

If the auditor assesses control risk at less than maximum, then he needs to perform tests of control to support that reliance.

In this lecture , we will continue our discussion of how an auditor justifies their reliance on internal controls by testing them.