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vurt777 vurt777
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A year ago
When a compensating control exists, the absence of a key control

▸ is no longer a concern because there is no longer a significant deficiency or material weakness.

▸ is still a major concern to the auditor.

▸ could cause a material loss, so it must be tested using substantive procedures.

▸ is magnified and must be removed from the sampling process and examined in its entirety.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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kitty123kitty123
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A year ago
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vurt777 Author
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A year ago
this is exactly what I needed
Transonic
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Yesterday
Brilliant ツ
dianeflunder
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2 hours ago
Thanks
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