Page 25 - PowerPoint Presentation

GENERAL PRINCILES OF AUDITING

CAN THE AUDITOR ONLY PERFORM TESTS

OF CONTROLS?

• Internal controls systems have inherent

limitations (refer to page 5/4 of Auditing Notes)

• Internal controls may only be working at the

time the auditor performs the test.

• Apart from internal controls, there is still

inherent risk to consider!

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