Multiple Choice
When dealing with the documentation of internal control,
A) in a narrative, most questions simply require a "yes" or "no" response.
B) questionnaires offer useful checklists to remind the auditor of the many different types of internal controls that should exist.
C) questionnaires and flowcharts should not be used together.
D) flowcharts fail to show the segregation of duties in the company.
Correct Answer:
Verified
Correct Answer:
Verified
Q31: Name four types of evidence which the
Q32: When assessing control risk,<br>A) many auditors use
Q33: You are the audit manager for a
Q34: Key controls are not sufficient to achieve
Q35: Which type of evidence is not used
Q37: A significant internal control deficiency is always
Q38: In a small business, the daily involvement
Q39: Flowcharts have two advantages over narratives: typically,
Q40: When using questionnaires, "no" responses typically indicate
Q41: In October 2013, the PCAOB Staff Audit