Multiple Choice
Where an auditor concludes that the audit client's systems of internal controls are ineffective, he/she will
A) conclude that the client's system of internal controls can be relied upon to detect potential material misstatements.
B) conclude that the client's system of internal controls cannot be relied upon to detect potential material misstatements.
C) reduce the amount of reliance to be placed on substantive tests.
D) project the misstatements to the entire population.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The timing of audit testing refers to
Q10: Explain how auditors evaluate the results of
Q22: The risk that the auditor concludes that
Q48: When conducting substantive testing,an increase in the
Q52: Which of the following is a factor
Q54: When errors are discovered upon testing transactions
Q55: David Killbear has been involved in testing
Q57: Substantive audit procedures include<br>A) detailed tests of
Q59: Sampling is not required when<br>A) it is
Q61: Which audit assertion does the audit procedure