Watson Jones Audit Approach: Jj4F Revolutionizes Auditing
The Watson Jones Approach, developed by William O. Jones and Edward P. Watson, is an innovative method used in auditing. It introduces the Jones Four Factor (JJ4F) Approach, which focuses on evaluating internal control, financial risk, client reliability, and audit risk. The JJ4F Approach has significantly influenced auditing practices and has become an essential tool…