How would you answer the client’s concern that you did not identify the problems in the payroll system or even advise them of the internal control weakness?
Identify two major inherent risks and explain why you believe they are inherent risks. Case Information: You are the audit senior of High-Quality Equipment Pty Limited (HQE), a consumer electronics and home appliances manufacturing company. Mobile Technology Pty Ltd (MT), a publicly listed company in the United States, is a mobile phone manufacturer. HQE is … Read more