Principles of auditing ch 8 Internal Controls

QUESTION 10 Which of the following elements is not a part of an entity's internal controls? A. Information and communication systems support. B. Control risk. C. Control activities. D. The control environment. QUESTION 11 Which of the following is the correct order for performing the procedures noted? A. Perform substantive tests, test controls, understand the system of internal control. B. Test controls, understand the system of internal control, perform substantive tests. C. Test controls, perform substantive tests, understand the system of internal control. D. Understand the system of internal control, test controls, perform substantive tests. QUESTION 12 Which of the following is not a component of internal control? A. Auditor's business risk. B. Control environment. C. Information and communication. D. Monitoring QUESTION 13 Which of the following is part of the control environment? A. Procedures for initiating transactions. B. Codes of conduct. C. Monthly bank reconciliations. D. Segregation of duties