Multiple Choice
When planning an audit of internal controls for an issuer,the audit team should
A) Identify significant accounts, locations, and assertions.
B) Conduct a walkthrough of the internal control process.
C) Make inquiries of employees regarding the existence of control activities.
D) Reperform control activities performed by client employees to determine their effectiveness.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: Regardless of the assessed level of control
Q24: Discuss some of the problems in establishing
Q24: The primary reason to evaluate internal control
Q25: To reduce the final control risk assessment
Q26: Which of the following would not be
Q27: _ reduces opportunities for a person to
Q29: When completing the audit of internal controls
Q31: When the audit team increases the planned
Q32: The audit team is responsible for the
Q33: The "obtaining an understanding" work phase (phase