Question in Accounting Accepted Question Description for risk #3: a. Was the engagement teams assessment of the
Question:
Accepted
Question Description
for risk #3:
a. Was the engagement team’s assessment of the evaluation of the design of each control appropriate (i.e., does the control identified by the team address the specific risk of material misstatement and associated assertion)
b. Was the engagement team’s assessment of the risk associated with each control appropriate?
c. Was the team’s interim planned procedures to test the operating effectiveness of each control appropriate considering the risk associated with the control?
d. Was the team’s roll-forward planned procedures to test the operating effectiveness of each control appropriate considering the risk associated with the control
Auditing Cases An Interactive Learning Approach
ISBN: 9780134421827
7th Edition
Authors: Mark S Beasley, Frank A. Buckless, Steven M. Glover, Douglas F Prawitt