Serious weaknesses in the internal control of black oil

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Reference no: EM13986881

Assume that the auditors find serious weaknesses in the internal control of Black Oil, Inc., a producer and distributor of fine wines. Would these internal control weaknesses cause the auditors to rely more or less upon each of the following types of evidence during their audit of Black Oil?

Documents created and used only within the organization.
Physical evidence.
Evidence provided by specialists.
Analytical procedures.
Accounting records.

For each of the above five items, state your conclusion and explain fully the underlying reasoning.

Reference no: EM13986881

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