In which of the following situations does the auditor potentially lack objectivity?Select one: a. An auditor reviews the procedures for a new electronic data interchange connection to a major customer before it is implemented b. A former purchasing assistant performs a review of internal controls over purchasing four months after being transferred to the internal auditing department c. An auditor recommends standards of control and performance measures for a contract with a service organization for the processing of payroll and employee benefits. d. A payroll accounting employee assists an auditor in verifying the physical inventory of some fixed assets with value that is not considered material.
In which of the following situations does the auditor potentially lack objectivity?Select one: a. An auditor reviews the procedures for a new electronic data interchange connection to a major customer before it is implemented b. A former purchasing assistant performs a review of internal controls over purchasing four months after being transferred to the internal auditing department c. An auditor recommends standards of control and performance measures for a contract with a service organization for the processing of payroll and employee benefits. d. A payroll accounting employee assists an auditor in verifying the physical inventory of some fixed assets with value that is not considered material.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
In which of the following situations does the auditor potentially lack objectivity?
Select one:
Select one:
a.
An auditor reviews the procedures for a new electronic data interchange connection to a major customer before it is implemented
b.
A former purchasing assistant performs a review of internal controls over purchasing four months after being transferred to the internal auditing department
c.
An auditor recommends standards of control and performance measures for a contract with a service organization for the processing of payroll and employee benefits.
d.
A payroll accounting employee assists an auditor in verifying the physical inventory of some fixed assets with value that is not considered material.
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