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After Obtaining an Understanding of the Entity's Internal Control and Assessing

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Essay

After obtaining an understanding of the entity's internal control and assessing control risk, an auditor of a nonpublic company has decided not to perform additional tests of controls.Why would an auditor conclude that additional testing is not needed?


Definitions:

Conditioned Taste Aversions

A learned aversion to a particular taste or food that has been associated with a negative reaction, such as nausea or vomiting.

Animals Associate

The process by which animals learn to connect one stimulus with another, usually as part of their learning and adaptation mechanisms.

Learning Occurs

The process by which new information or skills are acquired through experience, practice, study, or instruction.

Hour

A unit of time equal to 60 minutes or 3600 seconds, used to measure the duration of events or intervals between them.

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