AUD 3 Internal Control 10 - 6 Flashcards
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
An auditor performs the following procedures to obtain and apply an understanding of internal control to an audit:
Step 1 – Obtain an understanding of the design of all 5 components of the entity’s internal control (CRIME) through the performance of risk assessment procedures.
Step 2 – Document the understanding of Internal Control.
Step 3 – Assess Risk of Material Misstatement (RMM) which consists of inherent risk (IR) and control risk (CR).
RMM = IR × CR
Step 4 – Develop an audit strategy to either:
o (RELY?)
Perform tests of control (TofC) to determine if CR is below maximum, reducing RMM below the level of IR and allowing for the modification of the nature, timing, and extent of further audit procedures (sub tests): or
o (NOT Rely)
Decide NOT to perform tests of controls, assessing CR at the maximum level as if the control did not exist, and measuring RMM as being equal to IR.
Step 5 – Reassess Risk of Material Misstatement and evaluate results.
o For controls for which tests of controls were performed, evaluate results to reassess RMM and determine if it is appropriate to modify the nature, timing, and extent of further audit procedures.
Step 6 – Document conclusions and determine the effect on the planned substantive procedures. At this point, the audit program needs to be developed or revised for further audit procedures.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
An auditor performs the following procedures to obtain and apply an understanding of internal control to an audit:
Step 1 – Obtain an understanding of the design of all 5 components of the entity’s internal control (CRIME) through the performance of risk assessment procedures.
Step 2 – Document the understanding of Internal Control.
Step 3 – Assess Risk of Material Misstatement (RMM) which consists of inherent risk (IR) and control risk (CR).
RMM = IR × CR
Step 4 – Develop an audit strategy to either:
o (RELY?)
Perform tests of control (TofC) to determine if CR is below maximum, reducing RMM below the level of IR and allowing for the modification of the nature, timing, and extent of further audit procedures (sub tests): or
o (NOT Rely)
Decide NOT to perform tests of controls, assessing CR at the maximum level as if the control did not exist, and measuring RMM as being equal to IR.
Step 5 – Reassess Risk of Material Misstatement and evaluate results.
o For controls for which tests of controls were performed, evaluate results to reassess RMM and determine if it is appropriate to modify the nature, timing, and extent of further audit procedures.
Step 6 – Document conclusions and determine the effect on the planned substantive procedures. At this point, the audit program needs to be developed or revised for further audit procedures.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 – Document conc______s and determine the effect on the planned substantive procedures.
At this point, the audit program needs to be developed or revised for further audit procedures.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 – Document conclusions and determine the effect on the planned substantive procedures.
At this point, the audit program needs to be developed or revised for further audit procedures.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 – Document conclusions and determine the ef____ on the planned substantive procedures.
At this point, the audit program needs to be developed or revised for further audit procedures.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 – Document conclusions and determine the effect on the planned substantive procedures.
At this point, the audit program needs to be developed or revised for further audit procedures.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 – Document conclusions and determine the effect on the pl___ed substantive procedures.
At this point, the audit program needs to be developed or revised for further audit procedures.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 – Document conclusions and determine the effect on the planned substantive procedures.
At this point, the audit program needs to be developed or revised for further audit procedures.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 – Document conclusions and determine the effect on the planned substantive procedures.
At this point, the audit pro____ needs to be developed or revised for further audit procedures.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 – Document conclusions and determine the effect on the planned substantive procedures.
At this point, the audit program needs to be developed or revised for further audit procedures.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 – Document conclusions and determine the effect on the planned substantive procedures.
At this point, the audit program needs to be developed or re___ed for further audit procedures.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 – Document conclusions and determine the effect on the planned substantive procedures.
At this point, the audit program needs to be developed or revised for further audit procedures.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 – Document conclusions and determine the effect on the planned substantive procedures.
At this point, the audit program needs to be dev____ed or revised for further audit procedures.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 – Document conclusions and determine the effect on the planned substantive procedures.
At this point, the audit program needs to be developed or revised for further audit procedures.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor is re____ed to communicate significant deficiencies and material weaknesses to management and those charged with governance.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor is required to communicate sign_______ deficiencies and mat______ weaknesses to management and those charged with governance.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor is required to communicate significant deficiencies and material weaknesses to ma_________ and those charged with gov___________.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor is required to comm_________ significant deficiencies and material weaknesses to management and those charged with governance.
The basis for risk assessment must always be documented.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.
The basis for risk assessment must always be documented.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.
The ba___ for risk assessment must always be documented.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.
The basis for risk assessment must always be documented.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.
The basis for risk assessment m___ always be documented.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.
The basis for risk assessment must always be documented.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The basis for risk assessment must always be do_______ed.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The basis for risk assessment must always be documented.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The basis for r___ assessment must always be documented.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The basis for risk assessment must always be documented.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.
The basis for risk assessment must always be documented.
The aud____ needs to document:
• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.
The basis for risk assessment must always be documented.
The auditor needs to document:
• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
• The asse________ of the risks of material misstatement at the financial statement and relevant assertion levels;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
• The assessment of the r___s of material misstatement at the financial statement and relevant assertion levels;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
• The assessment of the risks of material misstatement at the fin_______ statement and relevant asse_____ levels;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
• The assessment of the risks of ma______ misstatement at the financial statement and relevant assertion le___s;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor n___s to document:
- The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
- The basis for that assessment;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
- The basis for that assessment;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
- The ba___ for that assessment;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
- The basis for that assessment;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
- The basis for that asse_________;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
- The basis for that assessment;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
- The basis for that assessment;
- Significant r___s identified and related controls evaluated;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
- The basis for that assessment;
- Significant risks identified and related controls evaluated;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
- The basis for that assessment;
- Sign_______ risks identified and related controls evaluated;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
- The basis for that assessment;
- Significant risks identified and related controls evaluated;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
- The basis for that assessment;
- Significant risks identified and related con____s evaluated;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
- The basis for that assessment;
- Significant risks identified and related controls evaluated;
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The basis for that assessment;
- Significant risks identified and related controls eva____ed;
- Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The basis for that assessment;
- Significant risks identified and related controls evaluated;
- Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The basis for that assessment;
- Significant risks identified and re____d controls evaluated;
- Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The basis for that assessment;
- Significant risks identified and related controls evaluated;
- Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- Significant risks identified and related controls evaluated;
- R___s identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- Significant risks identified and related controls evaluated;
- Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- Significant risks identified and related controls evaluated;
- Risks identified that re___re tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- Significant risks identified and related controls evaluated;
- Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- Significant risks identified and related controls evaluated;
- Risks identified that require tests of controls to obtain suff______ audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- Significant risks identified and related controls evaluated;
- Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- Significant risks identified and related controls evaluated;
- Risks identified that require tests of controls to obtain sufficient audit ev________ and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- Significant risks identified and related controls evaluated;
- Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- Significant risks identified and related controls evaluated;
- Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls eva____ed.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- Significant risks identified and related controls evaluated;
- Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
• Risks id_______ed that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
• Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The asses______ of the risks of material misstatement at the financial statement and relevant assertion levels;
- The basis for that asses_______;
- Significant risks identified and related controls eva____ed; and
- Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls eva____ed.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
- The basis for that assessment;
- Significant risks identified and related controls evaluated; and
- Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
- The basis for that assessment;
- Significant risks identified and related controls evaluated; and
- Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor needs to document:
- The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
- The basis for that assessment;
- Significant risks identified and related controls evaluated; and
- Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.
The basis for risk assessment must always be documented.
The auditor needs to document:
- The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
- The basis for that assessment;
- Significant risks identified and related controls evaluated; and
- Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.
The basis for risk assessment must always be documented.
The auditor needs to document:
- The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
- The basis for that assessment;
- Significant risks identified and related controls evaluated; and
- Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will doc_______
the procedures performed
and the conclusions reached
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the pro______es performed
and the conclusions reached
such that others will understand
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the con________s reached
such that others will understand
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will und________
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that ot\_\_\_s will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand what pro\_\_\_\_\_\_s were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand what procedures were performed, what i\_\_\_s were tested and how they were selected, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand what procedures were performed, what items were t\_\_\_ed and how they were selected, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand what procedures were performed, what items were tested and h\_\_ they were selected, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand what procedures were performed, what items were tested and how they were se\_\_\_\_ed, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand what procedures were performed, what items were tested and how they were selected, the evid\_\_\_\_\_ gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the concl\_\_\_\_\_\_s drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document
the procedures performed
and the conclusions reached
such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document the procedures performed
and the conclusions reached such that others will understand
what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document the procedures performed
and the conclusions reached such that others will understand
what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document the procedures performed
and the conclusions reached such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.
In addition, the auditor will dev____ audit programs to indicate the further audit procedures
Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)
Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs
The auditor will document the procedures performed
and the conclusions reached such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.
In addition, the auditor will develop audit programs to indicate the further audit procedures
