- 12 Marks
AAA – L3 – Q69 – Audit-related services
Discuss the view that small businesses are unauditable due to their nature versus the benefits of auditor involvement.
Question
There is a view held by some, that small businesses are unauditable by their very nature. However, others would say that because the auditor of a small business is much more closely involved with his client, his knowledge of that client is extensive and he is therefore better placed to audit it, whereas larger audits are much more mechanical.
Required
Discuss.
Find Related Questions by Tags, levels, etc.
- Tags: Audit, Audit Challenges, Audit-related services, Auditor involvement, Small businesses
- Level: Level 3
- Topic: Audit-Related Services
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