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Unformatted text preview: sections, both of which were significant in relation to total asset, they should be audit by the senior partner .However, they just assign the juniors to perform audit. Furthermore, the audit was finished quickly, and only the senior only gave a cursory review of the file and statements. The auditors have assigned unqualified assistants to perform audit tasks, and because of their lack of competence and inappropriate supervision, they failed to find material misstatements that qualified auditors would have discovered. Because Helmut&Cos negligent, they cause this audit failure....
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This note was uploaded on 10/22/2009 for the course ACCT 70360 taught by Professor Pathak during the Spring '09 term at Windsor.
- Spring '09