Which of the following controls are designed to prevent misstatements from happening (prevent controls) and / or detect and correct misstatements on a timely basis (detect controls) ?
A) Internal controls
B) External controls
C) Entity-level controls
D) Transaction-level controls
Correct Answer:
Verified
Q28: Which of the following best defines detection
Q29: An auditor asking the employee who prepares
Q30: Assessing control risk begins with understanding which
Q31: Prevention controls _.
A)should always have physical evidence
Q32: Detection controls vary _.
A)from year-to-year with the
Q34: Absence of effective prevention controls _.
A)decreases the
Q35: Which of the following refer(s) to the
Q36: The two levels of internal control are
Q37: If a client has strong entity-level controls,
Q38: An example of a purely manual control
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