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How would change if the accounting department was organized

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Reference no: EM132622680

You are conducting the audit of a medium-sized company that has a chief accountant and three employees. Segregation of duties is excellent with jobs allocated to provide maximum levels of controls. Segregation is also supported by accounting software which required unique user identification and passwords.

Please answer the following:

Question a) Based upon the information above, what type of audit approach would you recommend - substantive or combined? Why?

Question b) How would your answer change if the accounting department was organized on a job sharing basis so that all employees did some of every task to keep the work more interesting? Why?

Reference no: EM132622680

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