What is the auditor’s responsibility for obtaining an under-standing of internal control? How does that responsibility differ for audits of public and nonpublic companies?
ASSIGNMENT What is the auditor’s responsibility for obtaining an under-standing of internal control? How does that responsibility differ for audits of public and nonpublic companies? Jeanne Maier, CPA, believes that it is appropriate to obtain an under- standing of internal control about halfway through the audit, after she is familiar with the client’s operations and […]