Multiple Choice
The first step in assessing control risk is to _______.
A) understand entity-level controls
B) understand the flow of transactions
C) identify relevant controls to test
D) determine preliminary audit strategy
Correct Answer:
Verified
Correct Answer:
Verified
Q56: Bob Jensen is the staff auditor on
Q57: After the auditor has completed test of
Q58: A common software-based audit technique involves _.<br>A)requesting
Q59: If the auditor intends to assess control
Q60: After the auditor completes test of controls
Q62: Manual follow-up procedures are ineffective _.<br>A)if they
Q63: Once controls have been tested, _.<br>A)the auditors
Q64: Once controls have been tested, the auditors
Q65: Strong entity-level controls make it less likely
Q66: Prevention controls are those applied _.<br>A)at both