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Why do auditors typically follow a control reliance strategy

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Reference no: EM132502294

Question 1: In an independent audit of financial statements of a large bank, why do auditors typically follow a control reliance strategy (i.e, obtaining some audit assurance via control testing)?

Question 2: In the case of Societe Generale, do you believe the external auditors gathered much controls related evidence regarding the Delta One trading desk/ Why or why not?

Reference no: EM132502294

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Why do auditors typically follow a control reliance strategy : In the case of Societe Generale, do you believe the external auditors gathered much controls related evidence regarding the Delta One trading desk/ Why
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