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    Planning an Audit: Internal Controls and Audit Objectives

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    Why are internal controls and audit objectives important in audit

    © BrainMass Inc. brainmass.com October 9, 2019, 7:33 pm ad1c9bdddf
    https://brainmass.com/business/management-by-objectives/planning-audit-internal-controls-audit-objectives-121685

    Solution Preview

    Proper planning is critical to the effective execution and discovery of information of the audit process. Incorporating a review of internal controls and identifying the objectives of the audit itself are key to conducting a fair and thorough audit.

    William F. Messier Jr. states in Auditing and Assurance Services, "internal control has a direct effect on the scope of the audit" (2003, p 211). Messier believes an auditor's ...

    Solution Summary

    Understanding internal controls is key to designing an effective audit. Once know, the objectives can be derived from management's assertions.

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