To carry out this work, the auditor prepares a questionnaire to evaluate the companys internal control system The components of the internal control system that the auditor will evaluate include Cont.
To carry out this work, the auditor prepares a questionnaire to evaluate the company's internal control system The components of the internal control system that the auditor will evaluate include: Control environment, risk assessment process, monitoring of control activities The questionnaire is also designed in the form of yes/no and references to relevant documents (if any) Through the questionnaire, the auditor collects information such as: Staff capacity and qualifications, management style of managers, authority, responsibility, business risks, etc On that basis, evaluate the system the company's internal control system and conclude whether or not material risks exist, thereby deciding whether to add audit procedures or not