Which of the following is not a factor that the auditor considers when deciding which controls to
Question:
Which of the following is not a factor that the auditor considers when deciding which controls to test?
(a) The type of control
(b) The risk of detection
(c) The frequency of the control being performed
(d) The level of assurance the auditor wishes to gain
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
b Th...View the full answer
Answered By
Carly Cimino
As a tutor, my focus is to help communicate and break down difficult concepts in a way that allows students greater accessibility and comprehension to their course material. I love helping others develop a sense of personal confidence and curiosity, and I'm looking forward to the chance to interact and work with you professionally and better your academic grades.
4.30+
12+ Reviews
21+ Question Solved
Related Book For
Auditing A Practical Approach
ISBN: 9780730364573
3rd Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
Question Posted:
Students also viewed these Business questions
-
Multiple- Choice 1. The Sarbanes- Oxley Act of 2002 requires management to include a report on the effectiveness of ICFR in the entitys annual report. It also requires auditors to report on the...
-
Multiple Choice 1. An auditors primary consideration regarding an entitys internal controls is whether they a. Prevent management override. b. Relate to the control environment. c. Reflect...
-
Multiple Choice: 1. Before accepting an audit engagement, a successor auditor should make specific inquiries of the predecessor auditor regarding the predecessors a. Awareness of the consistency in...
-
When would you suggest that an organization engage in workflow analysis?
-
A sole proprietorship was started on January 1, 2012, when it received $60,000 cash from Mark Pruitt, the owner. During 2012, the company earned $40,000 in cash revenues and paid $19,300 in cash...
-
Draw the free-body diagram of the dumpster D of the truck, which has a weight of 5000 lb and a center of gravity at G. It is supported by a pin at A and a pin-connected hydraulic cylinder BC (short...
-
What are the pressures on managers to report biased ecological impact information to stakeholders? How might these be alleviated?
-
Using 2008 as the base year, prepare a trend analysis of the following data, and tell whether the situation shown by trends is favorable or unfavorable. 2012 20 2010 2009 2008 Net sales Cost of goods...
-
1. A company that is Monopoly and is Canadian -What is this company's line of business? -Why do you think this a Monopoly ? -Who are its Competitors ? -What about Elasticity of demand ? Pricing power...
-
Realist, Inc. (Realist), was a Delaware corporation with its principal place of business in Wisconsin. In March 1988, Royal Business Group, Inc. (Royal), a New Hampshire corporation, acquired 8...
-
Answer the following questions based on the information presented for Cloud 9 in the appendix to this text and the current and earlier chapters. You should also consider your answers to the case...
-
Jennifer Jones is reading the documents prepared by the members of the team working on the audit of receivables for a large client. Jennifer is the senior manager assisting the engagement partner,...
-
Four candidates are running for mayor. The four candidates are Adams, Brown, Collins, and Dalton. Determine the sample space of the results of the election.
-
A strong US dollar makes imports cheaper for American consumers, but it also makes American exports less competitive and more expensive on the global market. What are the implications of a strong and...
-
In groups of three or four, consider the ethical dimensions of currency speculation. If sufficient funds are available, a great deal of money can be made from buying and selling currency; in fact,...
-
How does a currency swap work?
-
What is the purpose of a forward contract?
-
What are the three main exposures that exchange-rate risk creates for companies?
-
As CEO of SeaSpray Marine, Bianca Saikaley knows it is important to control costs and to respond quickly to changes in the highly competitive boat-building industry. When IDG Consulting proposes that...
-
7. Baladna wants to analyze process that includes delivery by suppliers, production inside the company, transportation to to its customers and information systems. Then it also wants to find out...
-
Lisa Curtis is documenting the purchasing and cash payments processes at Hardies Wholesaling, Inc. (HWI), a company in Iowa. HWI distributes garden and landscaping items such as pots, furniture,...
-
If the auditor is able to collect evidence that IT general controls are strong, then the auditor can conclude that: a. Application controls function properly and put the correct transactions on...
-
If an auditor identifies an internal control weakness for an assertion, how does it affect the audit strategy? If the auditor identifies an internal control strength for an assertion, how does it...
-
Suppose that Ashley wishes to place a special order for 2,000 units of product W. Jessica estimates that the variable costs other than direct materials to make W will be $170 per unit and that each...
-
Lifestyle is how one enacts the self-concept. The way they would enact it is through buying luxury items which is the most premium iPhone. The latent reasons why people want an iPhone 15 all have to...
-
Describe the ideal target market for Farmer's Fridge vending machines. Explain why this target market is viable for the company. 2. Describe Farmer's Fridge target market using the four segmentation...
Study smarter with the SolutionInn App