Multiple Choice
An auditor may decide to assess control risk at high for certain assertions because the auditor believes:
A) evaluating the effectiveness of control policies and procedures is inefficient.
B) sufficient evidential matter to support the assertions is likely to be available.
C) considering the relationship of assertions to specific account balances is more efficient.
D) more emphasis on tests of controls than substantive tests is warranted.
Correct Answer:
Verified
Correct Answer:
Verified
Q39: After obtaining an understanding of an entity's
Q40: Evidence about which aspect(s) of internal control
Q41: While auditing the sales system of Candle
Q42: An auditor will use test data to
Q43: Tests designed to detect payroll payments made
Q45: Selected items from the payroll register are
Q46: Which of the following procedures would be
Q47: The cut-off assertion for accounts payable involves
Q48: Which of the following tests of control
Q49: For effective internal control, the billing function