Which of the following is not true regarding appropriate tests of controls?
a. The auditor selects controls that are important to the auditor's conclusion about whether the organization's controls adequately address the assessed risk of material misstatement for the relevant debt and equity accounts.
b. The client's audit committee selects controls that are important to the auditor's conclusion about whether the organization's controls adequately address the assessed risk of material misstatement for the relevant debt and equity accounts.as of the client's year end.
c. The auditor will select both entity-wide and transaction controls for testing.
d. If the auditor wants to rely on controls for the financial statement audit, the auditor would test the operating effectiveness of those controls throughout the year.
b
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Why is understanding personality important to organizational behavior?
A. Personality is easily influenced by intervention efforts. B. Personality is linked to organizational outcomes. C. Personality affects work habits. D. Personality affects how individuals act outside the organization.
A(n) ____ is a mechanism to trap an error that occurs in processing.
A. EXCEPTION B. UPDATE C. Exception handler D. GOTO
Which of the following is the best example of placing the most important information first in a routine information request message?
A) I am writing this e-mail message to ask for information about some of your products. B) Our manager recently gave his staff approval to purchase new office printers. C) Hi, my name is Charlie Shi, and I have been asked to write to you directly. D) Please answer the following questions about your office printers.
Which of the following reasons is not a reason that Atlas Door could lose competitive advantage?
A. A new rival with a strong resource base could undercut its prices. B. A rival easily could hire away its talented employees. C. Its technologies are non-proprietary. D. It has strong power over its distributors.