A procedure that would most likely be used by an auditor in performing tests of control activities that involve segregation of functions but which leave no transaction trail is:
A. Reperformance.
B. Reconciliation.
C. Observation.
D. Inspection.
Answer: C
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If auditors conduct substantive procedures as of 10/31 for an entity with a 12/31 year-end:
A. the entity's controls likely are ineffective. B. additional tests likely will be performed in the remaining period. C. additional tests are seldom conducted for the remaining period. D. additional control tests are required in the remaining period.
One of the three aspects of networks that shape power is tie content. Define the "content" and describe the concept.
What will be an ideal response?
Which of the following is definitely not an adjustment to gross income?
A) Contributions to a health savings account B) Non-taxable municipal bond interest C) Non-taxable contributions to IRAs D) Alimony payments
The purpose section of a report is usually one of the longest sections
Indicate whether this statement is true or false.