What is the audit team’s decision rule when comparing the recorded balance to the precision interval?
Answer to relevant QuestionsHow does nonstatistical sampling differ from statistical sampling?What is the SDLC? What type of controls does the use of the SDLC include with respect to program development and changes?List points at which misstatements may be introduced in an IT environment.Controls used in the management of a computer center to minimize the possibility of using an incorrect file or program are a. Control totals. b. Record counts. c. Limit checks. d. External labels.Which of the following automated application controls would offer reasonable assurance that inventory data were completely and accurately entered? a. Sequence checking. b. Batch totals. c. Limit tests. d. Check digits.
Post your question