Multiple Choice
What is the purpose of tests of control?
A) to obtain an understanding of the control over assets
B) to provide evidence as to the fairness of management's financial statement assertions.
C) to provide evidence about the effectiveness of the internal control structure, policies and procedures.
D) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: Which of these is not a substantive
Q10: In general, as an account balance decreases,
Q11: An auditor has obtained an understanding of
Q12: An auditor contacts an accounts receivable of
Q13: If the bank reconciliation is incorrect the
Q15: Identify the three general classes of auditing
Q16: The recorded balance in an account generally
Q17: The subject of the auditing procedure 'observation'
Q18: The auditor has determined that, as the
Q19: In planning the audit, the auditor should