NOTICE: THE CPANET FORUM HAS MOVED!!!
PLEASE VISIT THE NEW FORUM AT: HTTP://CPAFORUM.CPANET.COM/
this forum will remain available for archive purposes only. SEE YOU AT THE NEW FORUM!!

  Active TopicsActive Topics  Display List of Forum MembersMemberlist  Search The ForumSearch  HelpHelp
  RegisterRegister  LoginLogin
AUD - Auditing & Attestation (Forum Locked Forum Locked)
 CPAnet Forum : AUD - Auditing & Attestation
Subject Topic: GAAS-documentation (Topic Closed Topic Closed) Post ReplyPost New Topic
  
Author
Message << Prev Topic | Next Topic >>
venchlu
Major Contributor
Major Contributor


Joined: 18 Aug 2009
Location: United States
Online Status: Offline
Posts: 588
Posted: 30 Jun 2010 at 16:14 | IP Logged  

Which of the following is not required documentation in an audit in accordance with generally accepted auditing standards?

A.    A narrative description of the internal control system.

B.    The auditor's assessment of the risk of material misstatement.

C.    An engagement letter.

D.    A written audit program describing audit procedures to be performed.

 The correct answer is A...

So we don't have to document internal control?? Where can I find related text in Becker book? Thanks



__________________
REG 91
BEC 89
AUD 88
MA certified
FAR 94
Back to Top View venchlu's Profile Search for other posts by venchlu
 
Dracoy
Contributor
Contributor


Joined: 13 Jan 2010
Online Status: Offline
Posts: 76
Posted: 30 Jun 2010 at 17:36 | IP Logged  

A) Narrative description of internal control system is TOO
specific.

Remember, it could also be a flow chart or any other form
that helps you understand the internal control system. Plus
this documentation might already be available from the
company itself.
Back to Top View Dracoy's Profile Search for other posts by Dracoy
 



Sorry, you can NOT post a reply.
This forum has been locked by a forum administrator.


  Post ReplyPost New Topic
Printable version Printable version

Forum Jump
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum

Powered by Web Wiz Forums version 7.9
Copyright ©2001-2010 Web Wiz Guide

This page was generated in 0.1406 seconds.

Copyright 1996-2010 CPAnet/MizWeb Communities All Rights Reserved
Twitter
|Facebook | CPA Links |CPA Exam Club | About | Contact | Newsletter | Advertise & Promote|Expanded Listings