Exam 6: Internal Control in a Financial Statement Audit

Which of the following is a general control that would most likely assist an entity whose systems analyst left the entity in the middle of a major project?

Which of the following is not a characteristic of a batch processed computer system?

Data capture occurs through source documentation,direct data entry,or a combination of the two.List three purposes of data capture controls.

In planning an audit of a new client,an auditor most likely would consider the methods used to process accounting information because such methods

An auditor would most likely be concerned with internal control policies and procedures that provide reasonable assurance about the

Information and communication includes all of the following except:

The concept of internal control includes IT systems and manual systems.

A well-prepared flowchart should make it easier for the auditor to

General controls include all of the following except:

A substantive strategy differs from a reliance strategy in that a substantive strategy includes

As the acceptable level of detection risk increases,an auditor may change the

When documenting an entity's internal control,the independent auditor sometimes uses a systems flowchart,which can best be described as a

In an audit of financial statements of a private company in accordance with generally accepted auditing standards,an auditor is required to

Of the following statements about an internal control system,which one is correct?

A flowchart is most frequently used by an auditor in connection with the

Which of the following procedures most likely would provide an auditor with evidence about whether an entity's internal control is suitably designed to prevent or detect material misstatements?

In evaluating internal control,the auditor is basically concerned that the system provides reasonable assurance that

Reports on service organizations typically

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

Factors that the auditor should consider as increasing the effectiveness of the audit committee include all of the following except whether: