Gloria Is a Newly Hired Inexperienced Staff Associate at a Local

question 32

Essay

Gloria is a newly hired inexperienced staff associate at a local accounting firm.
She is given the task of performing a control test on the ICFR portion of the integrated
audit for one of her firm's larger clients. Gloria conducts her test and finds no
control deviations. She concludes that the control she tested is effective. Gloria marked
the step complete in the audit program.When the senior on the engagement started
the review, there were no work papers that documented Gloria's work.
Required:
(a) List the information Gloria should have included in her work paper documentation.
(b)Would any aspect of the procedure Gloria performed affect the permanent work
paper file?

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Definitions:

Economic Development

The process by which the overall health, well-being, and academic level of a population in a specific area is improved through targeted policies and projects.

Birth Rate

The number of live births per thousand people in a population over a specific period of time.

City Centers

Central areas of cities that often contain a concentration of cultural, commercial, and civic activities.

Total Fertility Rate

The average number of children that would be born to a woman over her lifetime under current age-specific fertility rates.