Question 1

A secondary objective of the auditor's study and evaluation of internal control is that the study and evaluation provide

Accepted Answer

A)   a basis for constructive suggestions concerning improvements in internal control.
B)   a basis for reliance on the accounting system.
C)   an assurance that the records and documents have been maintained in accordance with existing company policies and procedures.
D)   an indication that management and employees are trustworthy.E) A) and B)
F) A) and C)

Question 2

A) Describe the four broad objectives of management when designing an effective system of internal control.
B) Describe the aspect of internal control with which auditors are primarily concerned with for a financial statement audit.

Accepted Answer

A)Management typically has the following...

Exam 8: Internal Controls and Control Risk

A secondary objective of the auditor's study and evaluation of internal control is that the study and evaluation provide

Correct Answer
verified

A) Describe the four broad objectives of management when designing an effective system of internal control. B) Describe the aspect of internal control with which auditors are primarily concerned with for a financial statement audit.

Correct Answer
verified
A)Management typically has the following...
View Answer

Exam 8: Internal Controls and Control Risk

A secondary objective of the auditor's study and evaluation of internal control is that the study and evaluation provide

Correct AnswerverifiedShow Answer

A) Describe the four broad objectives of management when designing an effective system of internal control. B) Describe the aspect of internal control with which auditors are primarily concerned with for a financial statement audit.

Correct AnswerverifiedA)Management typically has the following...View AnswerShow Answer

Correct Answer
verified

Correct Answer
verified
A)Management typically has the following...
View Answer