Understanding Internal Control The Auditor Identifies Four Phases or Steps in the Control

question 10

Essay

Understanding internal control
The auditor identifies four phases or steps in the control risk assessment procedure.Phase I involves obtaining an understanding of the internal control structure.Identify at least four methods the auditor might use in gathering the information and briefly describe each one.

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Definitions:

3/5 Clause

A provision in the United States Constitution that counted three-fifths of the slave population for purposes of taxation and representation.

Enfranchising

Granting a group or individual the right to vote in political elections.

Post-Civil War Amendments

Amendments to the U.S. Constitution, specifically the 13th, 14th, and 15th, enacted after the Civil War to abolish slavery, establish equal protection under the law, and secure voting rights regardless of race.