Читать книгу Wiley Practitioner's Guide to GAAS 2020 - Joanne M. Flood - Страница 105

As part of the understanding of internal control required by Section 319, the auditor should:

1 Evaluate whether the entity’s programs and controls that address identified risks have been appropriately designed and placed in operation. Programs and controls may involve specific controls, such as those designed to prevent theft, or broad programs, such as one that promotes ethical behavior.

2 Consider whether programs and controls mitigate identified risks of material misstatement due to fraud or whether control deficiencies exacerbate risks.

3 Assess identified risks, taking into account the evaluation of programs and controls.

4 Consider this assessment when responding to the identified risks of material misstatement due to fraud.