Consider “control environment.” Why it is important for auditors to understand a client’s control environment. What are some limitations of internal controls?Now consider “segregation of duties.” Determine why it is important in an IT environment. What are some advantages of using IT and audit software when conducting an audit?

A controlled environment refers to the term "Internal control environment" which implies that the…

Answered: ider “control environment.” Why it is…

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process

Section: Chapter Questions

Problem 17RQSC

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Consider “control environment.” Why it is important for auditors to understand a client’s control environment. What are some limitations of internal controls?

Now consider “segregation of duties.” Determine why it is important in an IT environment. What are some advantages of using IT and audit software when conducting an audit?

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