Which of the following procedures most likely would provide an auditor with evidence about whether an entity's internal control procedures are suitability designed to prevent or detect material misstatements?

A$.$ Reperforming the controls for a sample of transactions.

B$.$ Performing analytical procedures using data aggregated at a high level.

C$.$ Vouching a sample of transactions directly related to the controls.

D$.$ Observing the entity's personnel applying the controls.

An auditor would most likely be concerned with internal control policies and procedures that provide reasonable assurance about the

A$.$ Efficiency of management's decision$-$making process.

B$.$ Entity's ability to accurately process and summarize financial data.

C$.$ Methods of assigning production tasks to employees.

D$.$ Appropriate prices that the entity should charge for its products.

Auditors are most likely to gather audit evidence solely using substantive tests

A$.$ If transactions are recurring.

B$.$ For unusual transactions.

C$.$ If control risk is very low.

D$.$ If the entity has a well$-$designed automated system.

Which of the following audit tests would be regarded as a test of controls?

A$.$ Tests of the specific items making up the balance in a given general ledger account.

B$.$ Tests comparing inventory pricing to vendors' invoices.

C$.$ Tests of the signatures on canceled checks to the board of director's authorizations.

D$.$ Tests of the additions to property, plant, and equipment by physical inspections.

Information and communication includes all of the following except

A$.$ Communicating price changes to customers.

B$.$ Determining the time period in which transactions occurred.

C$.$ Identifying and recording all valid transactions.

D$.$ Properly presenting transactions and related disclosures in the financial statements.