Why are internal controls and audit objectives important in audit© BrainMass Inc. brainmass.com October 9, 2019, 7:33 pm ad1c9bdddf
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 ...
Understanding internal controls is key to designing an effective audit. Once know, the objectives can be derived from management's assertions.