Multiple Choice
When the auditor attempts to understand the operation of the accounting system by tracing a few transactions through the accounting system, the auditor is said to be
A) tracing.
B) vouching.
C) performing a walkthrough.
D) testing controls.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q82: A _ exists if one or more
Q83: In the audit of a private company,
Q84: Flowcharts are harder to read and update
Q85: To issue an unqualified opinion on internal
Q86: When making a preliminary assessment of control
Q88: The level of understanding of a client's
Q89: For integrated audits of large, publicly traded
Q90: To determine if significant internal control deficiencies
Q91: A narrative should describe the disposition of
Q92: In evaluating the operational effectiveness of internal