Tests of controls are often performed on routine transactions for which there are high quality automated controls. The very high risk areas in financial statements are often outside this area and relate to non-routine transactions and more intangible environmental or general controls which are not easy to test.

Do you still want to do the Test of Control due this issue? Why or why not? Explain

Answer rating: 100% (QA)

Performing tests of controls on routine transactions with highquality automated controls may not pro... View the full answer