Multiple Choice
In an audit of financial statements, an auditor's primary consideration regarding an internal control policy or activity is whether the policy or activity:
A) reflects management's philosophy and operating style.
B) affects management's financial statement assertions.
C) provides adequate safeguards over access to assets.
D) enhances management's decision making processes.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: If auditors assess control risk at the
Q4: Proper separation of duties reduces the opportunities
Q5: A set of characteristics that helps to
Q6: An auditor is evaluating a client's internal
Q7: When auditing financial statements of a private
Q9: Which of the following is a factor
Q10: List several elements of a company's control
Q11: In testing control activities, an auditor ordinarily
Q12: What are some of the problems in
Q13: What is the difference between a significant