Multiple Choice
The primary objective of procedures performed to obtain an understanding of the entity's internal control is to provide an auditor
A) The knowledge necessary for audit planning.
B) The evidential matter to use in assessing inherent risk.
C) A basis for modifying tests of controls.
D) An evaluation of the consistency of application of management's policies.
Correct Answer:
Verified
Correct Answer:
Verified
Q16: The most important feature of an internal
Q17: The primary reason for evaluating a company's
Q18: Discuss what constitutes a material weakness in
Q19: When obtaining an understanding of an entity's
Q20: Auditors should begin their evaluation of internal
Q22: In computer systems,the information technology general controls
Q23: Regardless of the assessed level of control
Q24: Discuss some of the problems in establishing
Q25: To reduce the final control risk assessment
Q26: Which of the following would not be