Multiple Choice
Which of the following is NOT an objective of management in designing internal control systems?
A) reducing control risk
B) compliance with applicable laws and regulations
C) efficient and effective use of resources
D) reliable financial reporting
Correct Answer:
Verified
Correct Answer:
Verified
Q30: The auditor's assessment of control risk and
Q31: The auditor need NOT be concerned with
Q32: Management, with the help of the auditor,
Q33: If the auditor decides to go for
Q34: Adequate documents and records are important for
Q36: Which one of the following is NOT
Q37: Authorisations can be either general or specific.Which
Q38: When the auditor identifies significant deficiencies in
Q39: Each key control that the auditor intends
Q40: Tests of controls are conducted when:<br>A) controls