The auditor determines whether an internal control is effective based on
A) the number of errors encountered
B) the number of instances of non-compliance
C) the number of deviations found
D) the number of deficiencies identified
E) the number of deviations not found
Correct Answer:
Verified
Q56: If the auditor chooses not to test
Q57: The definition of an asset is
A)an item
Q58: Management often uses internal controls in the
Q59: Management assertions in the acquisition and expenditure
Q60: If the auditor decides to rely on
Q62: Key controls for the acquisition and expenditures
Q63: In the acquisition and expenditure process,the auditor
Q64: Substantive audit tests for the acquisition and
Q65: The auditing standards
A)require that the auditor test
Q66: Key controls for the acquisition and expenditures
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