Alpine Cupcake assignment
Research, cite, and summarize (in one or two sentences per standard identified) the auditing standard that address Garcia and Foster, CPA's, responsibilities in relation to evaluating Alpine's internal controls. Identify the most relevant paragraph(s) in each standard.
1. Obtaining and documenting an understanding of the client's environment, including internal control
2. Materiality assessment in planning and performing the audit
3. The audit risk model
4. Preliminary analytical procedure