Читать книгу Wiley Practitioner's Guide to GAAS 2020 - Joanne M. Flood - Страница 216

The required understanding of internal control must include all five components of internal control:

1 The control environment,

2 The entity’s risk assessment process,

3 The information system, including processes related to financial reporting and communication,

4 Control activities, and

5 Monitoring.

(AU-C 315.A57)

These components may operate at the entity level or the individual transaction level. Obtaining an appropriate understanding of internal control requires the auditor to understand and evaluate the design of all five components of internal control and to determine whether the controls are in use by the client.