Multiple Choice
Which of the following is most likely to be considered a risk assessment procedure relating to internal control?
A) Confirm accounts receivable.
B) Perform a test of a control relating to payroll.
C) Take test counts of the year-end inventory.
D) Trace a transaction through the information system relevant to financial reporting.
Correct Answer:

Verified
Correct Answer:
Verified
Q48: Which of the following is <b>not</b> ordinarily
Q49: When performing an audit of internal
Q50: If the auditors' assessment of the design
Q51: When obtaining an understanding of internal control
Q52: CPA firms may use written narratives to
Q54: Which of the following is true about
Q55: A situation in which the design or
Q56: External auditors should consider the work of
Q57: When tests of controls reveal that controls
Q58: A primary objective of procedures performed to