Pierce, an independent auditor, was engaged to examine the financial statements of wong construction inc, for the year ended december 31. Wong's financial statements reflect asubsssstantial amount of mobile construction quipment used in the firms operations. the euipment is accounted for in a subsidiary ladger. Pierce developed en understanding of internal control and ser the control risk moderate.

1. Pierce, an independent auditor, was engaged to examine the financial statements of wong
construction inc, for the year ended december 31. Wong's financial statements reflect
asubsssstantial amount of mobile construction quipment used in the firms operations. the
euipment is accounted for in a subsidiary ladger. Pierce developed en understanding of internal
control and ser the control risk moderate