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What are other potential benefits from testingcontrols

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Reference no: EM132381501

Question

1-After obtaining an understanding of the client's internalcontrols, the auditor may choose to test some of the controls. If the results of those tests are satisfactory, the auditor may thenrely on those controls. What is the primary reason for relying onthose controls ? What are other potential benefits from testingcontrols ?

2- Oceanview Marine company's internal controls were evaluated using both a flowchart and a questionnaire. The relative advantages and disadvantages of using each type of control documentation are?

Reference no: EM132381501

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