Gathering internal control evidence.

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• This addresses if there is a limit on evidence gathering.

  There is a limit on evidence gathering, but the environment of the business and the internal control conditions have to be taken into consideration before deciding what that limit is.

• If the internal controls are deemed inadequate to support ma

  425338 If the internal controls are deemed inadequate to support management assertions, the auditor will have to modify the audit program by include the management in gathering information concerning the internal control systems without impairing their

• The auditor's assessment of internal controls

  on internal control over financial reporting as of year-end."

• Auditing Evidence, audit risk, responses to high risk

  You have completed the procedures for gathering information about the company and its environment, including internal control. a. Describe the next stage of the audit process. b.

• Assess internal controls at max: substantive tests, controls

  In a primarily substantive approach, the control risk is assessed at the maximum and there is no reliance on controls in gathering evidence and much more evidence is required to support the opinion.

• Internal Accountant's Report to Management

  - Section IV: Recommendation of types of accounting evidence and methods of gathering such evidence to support the financial status review.

• Evidence obtained directly by internal auditing vs. indirect

  Evidence where the person gathering it sees for themselves (observes), computes for themselves (re-computation) or does the work for themselves (reperformance).

• Anthony's Orchard's inventory

  He examines evidence that supports these assertions. The audit performs risk assessment procedures to support the assertions. Test of controls is systematic evaluation of the system of internal control.

• Detection Risk, Tests, Controls, Assumptions, & Judgment: M/C

  The primary means by which the auditor meets the requirements of the third field work standard is through: a. designing substantive tests b. gathering evidence to support the assessed level of control risk c. preparing a detailed audit program