Multiple Choice
What is the purpose of the preliminary assessment of control risk?
A) To obtain a reasonable expectation of controls so as to decide on an appropriate audit strategy.
B) To determine the extent to which internal controls have been implemented.
C) To obtain the necessary information for developing the flowchart.
D) To provide management with an opinion on the effectiveness of controls.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: At what stage during the audit is
Q5: The audit test that would normally be
Q8: To determine whether the internal control structure
Q9: External auditors have a duty to communicate
Q10: When tests of controls are not performed
Q11: Which of the following statements is true?<br>A)Tests
Q12: Testing the work of the internal auditors
Q14: Outline the factors that will determine whether
Q18: In a computer information system control procedures
Q35: Assessing control risk at a level below