Once auditors determine that entity level controls are designed and placed in the operation, they
A) make a preliminary assessment for each transaction-related audit objective for each major type of transaction.
B) make a preliminary assessment of control risk.
C) obtain an understanding of the design and implementation of internal control.
D) prepare audit documentation in order to express their opinion on the company's internal control system.

Question

Quizplus · Accepted Answer

The Answer of Once auditors determine that entity level controls are designed and placed in the operation, they
A) make a preliminary assessment for each transaction-related audit objective for each major type of transaction.
B) make a preliminary assessment of control risk.
C) obtain an understanding of the design and implementation of internal control.
D) prepare audit documentation in order to express their opinion on the company's internal control system.

Once Auditors Determine That Entity Level Controls Are Designed and Placed