Most companies design detection controls _______.
A) to ensure that if prevention controls are not effective, errors or fraud will be detected and corrected on a timely basis
B) to ensure that if detection controls are not effective, errors or fraud will be detected and corrected on a timely basis
C) to catch errors or fraud before the transactions have been processed
D) to catch errors or fraud while the transactions are being processed
Correct Answer:
Verified
Q16: Prevention controls are those applied to each
Q17: Tolerable deviation rate is the maximum rate
Q18: The flow of a transaction, and the
Q19: Entity-level controls involve _.
A)all five components of
Q20: Attribute sampling is a technique used to
Q22: Transaction-level controls are _.
A)implemented by businesses to
Q23: If the audit firm is performing an
Q24: Prevention controls are those applied _.
A)at both
Q25: Which of the following should be done
Q26: The technique that involves the auditor using
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