How can we help?
You can also find more resources in our
Select a category
Something is confusing
Something is broken
I have a suggestion
What is your email?
What is 1 + 3?
Acct 541 - Young Fashions (Inquiry)
SAS 106 - audit procedure that should be performed to gain understanding of entity and its environment (internal control) is INQUIRY
Consists of seeking info of knowledgeable persons
inquiries are generally made of
board of directors
parties outside the entity (attorneys, valuation experts)
Not just used at beginning, but throughout the audit and w/ other audit procedures
can range from
formal written inquiries to
provide info not previously known
causes auditors to modify audit procedures
or perform additionla audit procedures
inquiry should be combined w/ other audit procedures
ordinarily not sufficient alone
Document the audit program, document inquiries that are made!
qualifications of individual being questioned
Consider the reacions and responses and ask follow up questions
Point out reference at bottom of page
turn it over to Senait