menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Auditing Study Set 3
  4. Exam
    Exam 7: Understanding and Testing the Clients System of Internal Controls
  5. Question
    The Internal Control Objective of 'Real' Refers to Controls in Place
Solved

The Internal Control Objective of 'Real' Refers to Controls in Place

Question 71

Question 71

True/False

The internal control objective of 'real' refers to controls in place to ensure that fictitious or
duplicate transactions are not included in the books and records of the organization.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q20: Audit risk is the risk that an

Q66: Susan Struthers will be reviewing those controls

Q67: If tests of controls indicate that internal

Q68: All of the following are components of

Q69: Which of the following would not be

Q70: Which of the following statements about internal

Q72: Flowcharts involve<br>A) the auditor summarizing in boxes

Q73: Which of the following statements relating to

Q74: Benchmarking is appropriate when<br>A) a reliable trail

Q76: CAS 230 Audit Documentation requires auditors to

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines