Problem

DISASTER RECOVERY PLANNING CONTROVERSY The relevance of a disaster recovery plan (DR...

DISASTER RECOVERY PLANNING CONTROVERSY

The relevance of a disaster recovery plan (DRP) to a financial statement audit is a matter of debate. Some argue that the existence of a DRP is irrelevant to the audit. Others argue that it is an important control that needs to be considered in the assessment of internal control.

Required

Address both sides of this debate.

a. Provide a logical argument why a DRP should not be considered in the audit.

b. Argue why a DRP is an important control and should be reviewed within the conduct of a financial audit.

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