Bob Jensen is the staff auditor on the Banson Fashion audit.Bob performed tests of controls over the control "the accounts receivable subsidiary ledger reconciliation is reviewed by the financial controller".The objective of the test was to verify that a review by the financial controller occurred on a timely basis.When performing the testing, however, Bob found that while there was evidence of the review (a signature), there was no date, so timeliness could not be verified.What can Bob conclude from this test result and what should Bob do next?

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The Answer of Bob Jensen is the staff auditor on the Banson Fashion audit.Bob performed tests of controls over the control "the accounts receivable subsidiary ledger reconciliation is reviewed by the financial controller".The objective of the test was to verify that a review by the financial controller occurred on a timely basis.When performing the testing, however, Bob found that while there was evidence of the review (a signature), there was no date, so timeliness could not be verified.What can Bob conclude from this test result and what should Bob do next?

Bob Jensen Is the Staff Auditor on the Banson Fashion