Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.



There are Inherent Limitations of an Accounting and Internal Control System operating at the audit client:

Examples are:

Management override of Internal Controls

Human error (typing mistakes).

Cost/benefit trade off (where it’s not cost feasible to implement controls)

Practice of fraud and intentional misrepresentation by the management is also an Inherent Limitation for the Audit. ( to be discussed in ISA 240 )

If you want to change selection, open document below and click on "Move attachment"

pdf

owner: Shaun2099 - (no access) - H1 BasicConcepts.pdf, p8


Summary

statusnot read reprioritisations
last reprioritisation on suggested re-reading day
started reading on finished reading on

Details



Discussion

Do you want to join discussion? Click here to log in or create user.