Multiple Choice
Which of the following audit procedures most likely would provide an auditor the most assurance about the effectiveness of the operation of an entity's internal control?
A) Confirmation with outside parties.
B) Inquiry of client personnel.
C) Successful reperformance of the control activity.
D) Observation of client personnel.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: A salesclerk enters a customer's six-number customer
Q8: Auditors perform tests of control activities to
Q9: After obtaining an understanding of a client's
Q10: Auditors can stop the assessment of control
Q11: A material weakness results in a _
Q13: Control systems generally provide absolute assurance that
Q14: The five internal control components do not
Q15: _ are the set of policies and
Q16: The most important feature of an internal
Q17: The primary reason for evaluating a company's