Which of the following is not a factor that the auditor considers when deciding which controls to

Question:

Which of the following is not a factor that the auditor considers when deciding which controls to test?

(a) The type of control

(b) The risk of detection

(d) The level of assurance the auditor wishes to gain

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing A Practical Approach

ISBN: 9780730364573

3rd Edition

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton

See More Books

Question Posted: Nov 10, 2023 12:48 AM

See More Questions

Multiple- Choice 1. The Sarbanes- Oxley Act of 2002 requires management to include a report on the effectiveness of ICFR in the entitys annual report. It also requires auditors to report on the...
Multiple Choice 1. An auditors primary consideration regarding an entitys internal controls is whether they a. Prevent management override. b. Relate to the control environment. c. Reflect...
Multiple Choice: 1. Before accepting an audit engagement, a successor auditor should make specific inquiries of the predecessor auditor regarding the predecessors a. Awareness of the consistency in...
When would you suggest that an organization engage in workflow analysis?
A sole proprietorship was started on January 1, 2012, when it received $60,000 cash from Mark Pruitt, the owner. During 2012, the company earned $40,000 in cash revenues and paid $19,300 in cash...
A research council wants to estimate the mean length of time (in minutes) the average U.S. adult spends watching television using digital video recorders (DVRs) each day. To determine this estimate,...
Refer to the information given in the preceding problem. As the Micro Technology Division manager, you are still assessing the problem of whether to acquire Klondike Machine Companys machine. You...
Do you believe that the PCAOB overstepped its regulatory role and responsibilities by beginning a dialogue regarding the possible need for mandatory audit firm rotation? Why or why not? Do you agree...
Crane Company reported the following year-end information: Beginning work in process inventory $ 36000 Beginning raw materials inventory 14000 Ending work in process inventory 40000 Ending raw...
Bradford Company, a manufacturer of small tools, implemented lean manufacturing at the end of 2012. The company's goal for the year was to increase the ROS to 40 percent of sales. A value-stream team...
Answer the following questions based on the information presented for Cloud 9 in the appendix to this text and the current and earlier chapters. You should also consider your answers to the case...
Jennifer Jones is reading the documents prepared by the members of the team working on the audit of receivables for a large client. Jennifer is the senior manager assisting the engagement partner,...
Determine the forces acting on the ends of the rope by (1) drawing the free-body diagram, (2) counting unknowns and equations to check determinacy, (3) writing the equilibrium equations, and (4)...
1 . Ameya made 4 0 % of investment in personal business, 2 0 % in stocks and the rest in mutual funds. There are 2 0 % , 1 0 % and 1 5 % of chances in obtaining profit in personal business, stocks...
4. We are given the following joint distribution over the random variables A, B, C, and D. Please answer the following questions. Show the necessary tables. You can (and should) share computations...
(f) It is hypothesized that for t> 400 s the relation between t and h is of the form where k and n are constants. h=kt (i) Outline how, using a graphical technique, you would verify this hypothesis.
Gilbert Canned Produce (GCP) packs and sells three varieties of canned produce: green beans; sweet peas; and tomatoes. The company is currently operating at 82 percent of capacity. Worried about the...
Apply at least two of the theories (of your choice) to your personal experience? The theories are Leader-Member Exchange Theory (LMX Model), the Situational Leadership Model, the Contingency Model...
Suppose that the public's taste changes in such a way that leisure comes to be more desirable than commodities. How would you expect such a change to affect output, employment, and the real wage in...
Shreemaya Hotel in !adore was facing a problem of low demand for its rooms due to off season. The Managing Director (MD) of the hotel, Mrs. Sakina was very worried. She called upon the Marketing...
Lisa Curtis is documenting the purchasing and cash payments processes at Hardies Wholesaling, Inc. (HWI), a company in Iowa. HWI distributes garden and landscaping items such as pots, furniture,...
If the auditor is able to collect evidence that IT general controls are strong, then the auditor can conclude that: a. Application controls function properly and put the correct transactions on...
If an auditor identifies an internal control weakness for an assertion, how does it affect the audit strategy? If the auditor identifies an internal control strength for an assertion, how does it...
Napa Tours Co. is a travel agency. The nine transactions recorded by Napa Tours during April 2018, its first month of operations, are indicated in the following T accounts: Cash Equipment Dividends...
please help The following data from the just completed year are taken from the accounting records of Mason Company Sales Direct lobor cost Raw material purchases Selling expenses Administrative...
It is February 1 5 , 2 0 2 4 , and you are visiting with your friends Carl and Ellie Fredricksen at their Calgary home. Carl is 6 3 years old and Ellie is 6 5 years old. Carl: We have big news. Ellie...

Which of the following is not a factor that the auditor considers when deciding which controls to

Question:

Step by Step Answer:

b Th...View the full answer

Auditing A Practical Approach

Students also viewed these Business questions