Multiple Choice
The auditor's primary concern with regard to internal controls is ________.
A) the degree to which the internal controls are working as designed
B) the possibility of an inherent risk that has to be controlled
C) the impact the controls have on the accuracy of the accounting records
D) the amount of substantive work to be saved by testing controls instead
Correct Answer:

Verified
Correct Answer:
Verified
Q29: The auditor's primary purpose for evaluating internal
Q30: When the assessed level of inherent risk
Q31: Controls such as those to protect inventory
Q32: What is a "walk through" test?<br>A)A means
Q33: The required degree of control compliance is
Q35: Validity refers to _.<br>A)ensuring that transactions are
Q36: A clean audit is normally associated with
Q37: Which of the following is not a
Q38: Which of the following descriptions of job
Q39: The objective of application control procedures is