Which of the following controls is least likely to be relevant to a financial statement audit?

Question

Quizplus · Accepted Answer

Choice "A" is correct. Procedures to reduce inefficiency on the production line relate to operational objectives, and not necessarily to financial reporting objectives. Choices "B", "C", and "D" are incorrect. Compliance with income tax regulations, use of passwords to limit data access, and generation of reports to facilitate variance analysis are all important controls related to financial reporting.

Which of the Following Controls Is Least Likely to Be