An auditor can receive one of three types of report from a Service Organizations when providing Assurance or Auditing services for a client. A Type 2 or SOC 2 service auditor's report addresses: Group of answer choices   Only management's description and design of its controls.   Management's description and design of its controls and control operating effectiveness.   Only control operating effectiveness.   Control operating effectiveness and primary assertion reliability.

Q: Which of the following is a common monitoring control? Multiple Choice O audit committee inquiries…

A: Internal controls are the rules and procedures implemented by a company to ensure compliance with…

Q: In determining the operating effectiveness of the internal control policy or procedure, the auditor…

A: The internal controls refer to the mechanism implemented in the organization to ensure that the…

Q: policies and procedures О vacation policy О development of control activities information technology

A: Internal Control System-Internal controls are accounting and auditing processes used in a company's…

Q: From an IT audit perspective, Business Continuity Plan (BCP) completeness reflects the current state…

A: Evaluating a Business Continuity Plan's (BCP) completeness is a crucial component of an IT audit.…

Q: Recommendations should be included in final audit communications to: Group of answer choices Ensure…

A: Recommendations should be included in final audit communications to Provide management with options…

Q: ll statements are true B. all statements are false C. S1 and S2 are true D. S1 and S3 are true

A: Correct option : A

Q: Which of the following is not a common procedure for assessing operating effectiveness of preventive…

A: Preventive controls is a measure of safeguards implemented by an organisation to proactively…

Q: Performance Principle. Identify how each of the following statements relates to the performance…

A: Performance Principle The guiding principle known as the performance principle defines the general…

Q: Identify the correct order of steps for an auditor when applying a top-down approach to select…

A: The top-down approach is used to detect risks in the internal controls and gain an overall…

Q: What form of internal control documentation will an auditor likely use when they are not personally…

A: An Auditor is the person qualified as a Chartered Accountant who takes care of Audit.

Q: Of the objectives of internal controls, which are the auditors most concerned about: a. Compliance…

A: The accounting and auditing procedures utilized by a company's finance department to guarantee…

Q: "Type 2" CPA report on a service organization provides a conclusion on: Multiple Choice Design of…

A: A Type 2 CPA report is an independent auditor's report that provides assurance on the effectiveness…

Q: Service organization control (SOC) reports may be requested by auditors when a service organization…

A: SOC Type 1 report evaluates the control of service organization over financial reporting. The report…

Q: Which must the auditor communicate to management? A. B. C. D. Known Material Weaknesses Yes Yes No…

A: The written communication should be made prior to the issuance of the auditor's report on internal…

Q: 4. Overall risk management arrangements are the main preoccupation of the internal auditor who is…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…