Multiple Choice
A substantive strategy differs from a reliance strategy in that a substantive strategy includes
A) Increased implementation of detailed tests of transactions and balances.
B) Extra tests of controls.
C) Increased emphasis on verbal representations from management.
D) Setting control risk at a minimum level.
Correct Answer:
Verified
Correct Answer:
Verified
Q49: The concept of internal control includes IT
Q65: An auditor would most likely be concerned
Q66: Information and communication includes all of the
Q68: A well-prepared flowchart should make it easier
Q69: General controls include all of the following
Q71: As the acceptable level of detection risk
Q72: When documenting an entity's internal control,the independent
Q73: In an audit of financial statements of
Q74: Of the following statements about an internal
Q75: A flowchart is most frequently used by