Multiple Choice
In an audit of financial statements,an auditor's primary consideration regarding an internal control policy or activity is whether the policy or activity
A) Reflects management's philosophy and operating style.
B) Affects management's financial statement assertions.
C) Provides adequate safeguards over access to assets.
D) Enhances management's decision making processes.
Correct Answer:

Verified
Correct Answer:
Verified
Q38: Management's report on internal controls must include
Q39: The most efficient means of gathering evidence
Q40: Which of the following is a preventive
Q41: If auditors assess control risk at the
Q42: The audit team is responsible for designing
Q44: Auditors perform _ to determine how well
Q45: Proper separation of duties reduces the opportunity
Q46: The appropriate separation of duties does not
Q47: When completing the audit of internal controls
Q54: Which of the following is not an