Principles Of Auditing & Other Assurance Services
21st Edition
ISBN: 9781259916984
Author: WHITTINGTON, Ray, Pany, Kurt
Publisher: Mcgraw-hill Education,
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Question
Chapter 7, Problem 40BOQ
To determine
Identify the appropriate answer which is the least likely test of control.
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Students have asked these similar questions
True or false
Tests of controls generally consist of combination of procedures such as inquiry of client personnel, inspection and observation, and recalculation
Which of the following is not a common procedure for assessing operating
effectiveness of preventive controls?
a. Observation of personnel
b. Analysis of trends or ratios
c. Inspection of documents
d. Inquiries of management
An auditor is likely to use procedures to support the operating effectiveness of internal controls. Which of the following would generally not be used ? Select one : O a. Re -perform client procedures O b. Examine documents , records, and reports O c. Make inquiries of appropriate client personnel O d. Analytical procedures
Chapter 7 Solutions
Principles Of Auditing & Other Assurance Services
Ch. 7 - Prob. 1RQCh. 7 - Prob. 2RQCh. 7 - Prob. 3RQCh. 7 - Prob. 4RQCh. 7 - Prob. 5RQCh. 7 - Prob. 6RQCh. 7 - Prob. 7RQCh. 7 - Identify the four types of control activities and...Ch. 7 - One basic concept of internal control is that no...Ch. 7 - Prob. 10RQ
Ch. 7 - Prob. 11RQCh. 7 - Prob. 12RQCh. 7 - Prob. 13RQCh. 7 - Prob. 14RQCh. 7 - Prob. 15RQCh. 7 - Prob. 16RQCh. 7 - Prob. 17RQCh. 7 - Prob. 18RQCh. 7 - Prob. 19RQCh. 7 - Prob. 20RQCh. 7 - Prob. 21RQCh. 7 - Prob. 22RQCh. 7 - Prob. 23RQCh. 7 - Management is responsible for designing and...Ch. 7 - Prob. 25QRACh. 7 - Prob. 26QRACh. 7 - Prob. 27QRACh. 7 - Prob. 28QRACh. 7 - Prob. 29QRACh. 7 - Prob. 30QRACh. 7 - Prob. 31QRACh. 7 - During your first audit of a medium-size...Ch. 7 - Prob. 33QRACh. 7 - Prob. 34QRACh. 7 - Which of the following would be least likely to be...Ch. 7 - Prob. 35BOQCh. 7 - Prob. 35COQCh. 7 - Prob. 35DOQCh. 7 - Prob. 35EOQCh. 7 - Prob. 35FOQCh. 7 - Prob. 35GOQCh. 7 - Prob. 35HOQCh. 7 - Which of the following is not an advantage of...Ch. 7 - Prob. 35JOQCh. 7 - Prob. 35KOQCh. 7 - Prob. 35LOQCh. 7 - Prob. 36OQCh. 7 - Listed below are controls that have been developed...Ch. 7 - Prob. 38OQCh. 7 - For each term in the first column, find the...Ch. 7 - Prob. 40AOQCh. 7 - Prob. 40BOQCh. 7 - Prob. 40COQCh. 7 - Prob. 40DOQCh. 7 - Prob. 40EOQCh. 7 - Prob. 41PCh. 7 - Prob. 42PCh. 7 - Prob. 43PCh. 7 - Prob. 44PCh. 7 - Prob. 45ITC
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Similar questions
- How does inherent risk relate to internal controls? Why is it important to assess inherent risks of material misstatement prior to evaluating the quality of an organization’s internal controls?arrow_forwardWhich of the following audit techniques ordinarily would provide an auditor with the least assurance about the operating effectiveness of an internal control activity? a. Inquiry of client personnel. b. Inspection of documents and reports. c. Observation of client personnel. d. Preparation of system flowcharts.arrow_forwardWhat is the difference between document examination and reperformance when conducting tests of controls?arrow_forward
- An audit procedure designed to evaluate the operating effectiveness of controls in preventing or detecting and correcting, material misstatements is known as: a. a test of controls b. a test of details c. a dual purpose test d. ratio analysisarrow_forwardAn organization has a mature control environment but limited audit resources. Given this scenario, on which of the following should internal auditors focus their testing? a. Detective compensating controls b. Preventive compensating controls c. Detective key controls d. Preventive key controlsarrow_forwardHow does control risk affect the nature, timing, and extent of further audit procedures?arrow_forward
- What are the major steps in the audit team’s assessment of control risk in an IT environment?arrow_forwardWhich of the following audit techniques would most likely provide an auditor with the least assurance about the effectiveness of the operation of a control? Multiple Choice A.Walkthrough. B.Observation of entity personnel. C. Reperformance of the control by the auditor. D.Inquiry of entity personnel.arrow_forwardWith respect to an audit, which of the following is not a risk assessment procedure? Analytical procedures. Evaluation of the control environment. Observation and Inspection. Inquiries of management and others within the entity.arrow_forward
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