Kelly Lee, a junior audit staff, is assisting you being her audit manager in planning for the

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Kelly Lee, a junior audit staff, is assisting you being her audit manager in planning for the audit engagement. In a conversation between Kelly and you, she commented on the following, "In order to fully understand the design and implementation of controls, we have to use all eight types of evidence. To document the understanding of the design of internal control, I suggest using the internal control questionnaire only, as this method has no disadvantages and it is a quick way to complete the procedures which involves only a 'yes' or 'no' to responses."

Kelly Lee's statement- "In order to fully understand design and implementation of controls, we have to use all eight types evidence."

The above statement is (correct/incorrect) .Her statement relates to the types of evidence used in order to understand design and implementation of controls. Generally, four types of evidence are used: ____ It is (necessary/not required) to use all eight types of evidence for obtaining an understanding of internal controls.

Kelly Lee's Statement- "To document the understanding of the design of internal control, I suggest using the internal control questionnaire only, as this method has no disadvantages and it is a quick way to complete the procedures which involves only a 'yes' or 'no' to responses."

The above statement is (correct/incorrect) An internal control questionnaire asks a series of questions about controls in each audit area as a means of (identifying accounting personnel deficiencies/ identifying external control deficiencies/ identifying internal control deficiencies) It is true that auditors cover each audit area reasonably quickly by using such a questionnaire. However, this questionnaire is (not able to provide /able to provide) an overview of the system, and it is Based on the above, it is quite often smart for auditors to use an together for understanding the client's internal control designing and identifying internal controls and deficiencies. provide an overview of the system, while offer useful checklists to remind the auditor of many different types of internal controls that should exist.