Question: Determine the likely effect, increase, or decrease, on the extent of control testing for the following eleven (11) situations. Please label your answer carefully 1-11

 Determine the likely effect, increase, or decrease, on the extent of

Determine the likely effect, increase, or decrease, on the extent of control testing for the following eleven (11) situations. Please label your answer carefully 1-11 \begin{tabular}{|l|l|} \hline Situations & Increase or decrease \\ \hline 1.Thecontrolisperformedmorefrequentlythanothercontrols. & \\ \hline 2.Theauditordoesnotintendtorelyheavilyontheparticularcontrols. & \\ \hline 3.Theperformanceofthecontrolresultsinlittleornodirectevidencethatthecontroloperatedeffectively. & \\ \hline 4. The auditor needs evidence only as yet year-end. & \\ \hline 5.Noothercontrolsrelatingtotheparticularobjectiveareinplaceandarebeingtested. & \\ \hline 11.Theinherentriskinthisareaisverylow.effectiveoperationthroughouttheentireaccountingperiod. & \\ \hline 6.Thecontrolriskishigh.systemduringtheaccountingperiod. & \\ \hline control is not available. & \\ 8esting in the area. \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!