Which of the following is likely to be of least importance to an auditor in obtaining an understanding of the internal control?
A) The segregation of duties within the IT centre.
B) The control over source documents.
C) The documentation maintained for accounting applications.
D) The cost-benefit ratio of data processing operations.

Question

Quizplus · Accepted Answer

While the cost-benefit ratio of data processing operations is an important consideration for management, it is not typically a significant factor in an auditor's understanding of internal control. The segregation of duties, control over source documents, and documentation maintained for accounting applications are all common areas examined by auditors to assess the effectiveness of internal control.

Which of the Following Is Likely to Be of Least