Exam 6: Internal Control in a Financial Statement Audit

Which of the following data validation controls is a numeric value computed to provide assurance that the original value has not been altered in construction or transmission?

The control environment component of internal control includes all of the following except:

When an auditor increases the planned assessed level of control risk because certain control activities were determined to be ineffective, the auditor would most likely increase the:

For a complex IT system, auditors are least likely to use which of the following when documenting their understanding of internal controls?

An entity's control activities include all of the following except:

What are the differences between document flowcharts, system flowcharts, and program flowcharts?

Management's attitude toward aggressive financial reporting and its emphasis on meeting projected profit goals most likely would significantly influence an entity's control environment when:

A limit test is a:

Internal controls are not designed to provide reasonable assurance that:

Which of the following audit tests would be regarded as a test of controls?

A reliance strategy is used when control risk has been set at high.

An advantage of using systems flowcharts to document information about internal control instead of using internal control questionnaires is that systems flowcharts:

As opposed to a manual control, an automated control:

In a properly designed internal control system, the same employee may be permitted to: