menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Auditing Study Set 2
  4. Exam
    Exam 6: Gaining an Understanding of the Clients System of Internal Controls
  5. Question
    When Internal Controls Are Effective
Solved

When Internal Controls Are Effective

Question 2

Question 2

Multiple Choice

When internal controls are effective:


A) the organisation is more likely to achieve its strategic and operating objectives
B) there will be an increased reliance on substantive tests of transactions and account balances
C) control risk will also be high
D) the organisation is less likely to achieve its strategic and operating objectives

Correct Answer:

verifed

Verified

Related Questions

Q1: The purpose of the management letter is

Q3: In larger entities,there are often limitations surrounding

Q4: For identified risks,management:<br>A)estimates their significance<br>B)assesses the likelihood

Q5: An internal control exception is:<br>A)only expected to

Q6: Which of the following statements about internal

Q7: Which of the following is an inherent

Q8: Control risk refers to the risk that

Q9: For purchasing inventory transactions,an example of a

Q10: Which of the following is not an

Q11: ASA260 Communication of Audit Matters with Those

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