Which of the following methods would be the most effective technique for an auditor to perform when

Question:

Which of the following methods would be the most effective technique for an auditor to perform when testing the operating effectiveness of an internal control activity?

a. Inquiry of appropriate personnel.

b. Reading over the company’s code of conduct.

c. Reperformance of the control activity.

d. Examination of appropriate documents for proper signatures.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing And Assurance Services

ISBN: 9781266796852

9th Edition

Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau

See More Books

Question Posted: May 20, 2023 06:19 AM

See More Questions

MULTIPLE-CHOICE QUESTIONS 1. The auditor is testing the operating effectiveness of controls in the revenue cycle and notes the following: (a) the organization does not regularly follow its credit...
Multiple Choice 1. The objectives of internal control for an inventory management process are to provide assurance that transactions are properly authorized and recorded and that a. Independent...
14. In testing the existence assertion, an auditor ordinarily works from the a. Financial statements to the accounting records. b. General journal to the general ledger. c. Supporting evidence to the...
Oakey Wines is considering expanding on from the cafe to build a restaurant that will provide an evening experience of a meal, wine and entertainment. The package will be used to showcase new season...
How important to your health are regular vacations? In a study a random sample of men and women were asked how frequently they take vacations. The men and women were divided into two groups each. The...
A population consists of the following five values: 12, 12, 14, 15, and 20. a. List all samples of size 3, and compute the mean of each sample. b. Compute the mean of the distribution of sample means...
True or False. The element stiffness matrices are always singular.
FIFO and LIFO, Income Statement Presentation The board of directors of Oksana Corporation is considering whether or not it should instruct the accounting department to change from a first-in,...
Read the following regarding 2 different property management companies: All R Welcome Realty owns 500 single family rental homes. Prospective tenants are encouraged to apply in-person, online, or by...
When performing confirmation of cash balances with a bank, the auditor is primarily gathering evidence related to which financial statement assertion? a. Existence. b. Completeness. c. Valuation. d....
When assessing control risk on a preliminary basis during a financial statement audit, a key objective of evaluating the design of an internal control system is to a. Determine that the companys...
Evaluate the integral. xe* -dx V1 + e*
Continued numbers...Rent expense - factory 6 , 9 2 5 Sales - 8 6 3 , 0 0 0 Sales salaries expense - 1 3 7 , 5 0 0 Supplies - factory - 3 , 2 5 0 Miscellaneous costs - factory - 5 , 7 6 0 Prepare...
Fiske Corporation manufactures a popular regional brand of kitchen utensils. The design and variety have been fairly constant over the last three years. The managers at Fiske are planning for some...
A 5kg block is in recess in a plane. Determine the force by the length of the unstretched spring. k = 200 N/m 45 0.3 m 0.4 m
How could you use Descartes' Rule and the Fundamental Theorem of Algebra to predict the number of complex roots to a polynomial, as well as find the number of possible positive and negative real...
Solve, rounding final answers to three decimals where appropriate, 5 5 x = 2 ( 6 x 2 2 )
Recall that we can describe some or all of the inputoutput pairs of a function by means of an equation, a graph, a table, or words. a. Describe the inputoutput pairs of y = 3x - 2 by using a graph....
In Exercises evaluate the limit, using LHpitals Rule if necessary. lim 07x cos x X
Which of the following combinations would provide the auditor the most reliable evidence? Source of Evidence a. Internal b. Internal c. External d. External Effectiveness of Internal Control More...
Define reasonable assurance. How does the audit team provide reasonable assurance in the engagement?
Can audit managers on the audit engagement team, who are also attorneys admitted to the state bar, assist in the defense of a lawsuit against an audit client for product liability defects?
Solve the following equations for x: 1) 63x+2+4=220 2) 5-3x=-40 3) log,(3x-1) = log, (2x + 3) 4) log4(x+3)- log4 (4x-1) = log4 5 5) 5-Inx+3=8 6) log(x-2)+ log(x-3)= log(24 + 2x)
The following stem-and-leaf chart reports the number of movies rented per day at Video Connection: 124 13 1 2 3 6 8 8 9 2212222222222222 14 15 233 16 17 35 24568 18 268 19 1 3 4 5 6 20 0 3 4 6 7 9 22...
What is a data warehouse, and how does it differ from a traditional relational database? Describe the ETL (Extract, Transform, Load) process and its role in populating a data warehouse.

Which of the following methods would be the most effective technique for an auditor to perform when

Question:

Step by Step Answer:

a Incorrect When testing the operating effectiveness of a control the auditor can use inquiry observ...View the full answer

Auditing And Assurance Services

Students also viewed these Business questions