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Does the audit team assess the efficiency of internal controls?

The audit team will obviously assess internal controls, but do they care about whether the internal controls help the business run efficiently?


For purposes of the audit, the answer is likely “No”. However, the external audit team could provide some value to the company and offer suggestions on how they could add some efficiency to the system of internal controls.

Ultimately, the audit team is primarily concerned about whether the internal controls are effective. To be more specific, this addresses whether the controls are designed, implemented, and operating effectively!


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