Auditors Are Required to Consider a Client's Internal Control

question 75

Essay

Auditors are required to consider a client's internal control.
a.Describe the two purposes of the auditors' consideration of a client's internal control.
b.Even the best internal control has certain limitations.List three of those limitations.

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Definitions:

Gender Differences

Refers to the distinctions in characteristics, attributes, behavior, and roles typically associated with being male or female in a society.

Spectrum

A range of different positions, opinions, or conditions usually used to describe a series from one extreme to another.

Binary System

A system consisting of two components or parts, often used to describe a system of numerical notation that has 2 rather than 10 as a base.

Genetic Component

Genetic component means the portion of a phenotype or disease risk attributable to genetic factors, highlighting the role of heredity in certain conditions or traits.