21. (1 mark)

Which of the following is not a method used to document details of an audit clients accounting system ?

a-Internal control questionnaire

b-Management letter

c-Narrative description

d-Flowchart

22. (1 mark)

Internal control test results are used to determine:

a-Nature and timing of substantive procedures

b-Nature and extent of substantive procedures

c-Nature, extent and timing of analytical procedures

d-Nature, extent and timing of substantive procedures

23. (1 mark)

Segregation of duties in an audit clients business means that:

a-The audit partner does not do audit field work

b- The audit senior directs their assistants.

c-The audit clients staff person who counts cash does not record cash.

d-The audit firms professional staff divides their duties into weekly components.

24. (1 mark)

An auditor would expect that the segregation of duties in a large multi-national company, compared to a small entrepreneurial company, would normally:

a-Be a stronger source of internal control

b-Be a weaker source of internal control

c-Not exist at all

d-Not be considered by the auditor