Describe how the nature of evidence used to evaluate the control environment differs from the nature of evidence used to evaluate control activities
REVIEW QUESTIONS 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 […]