The audit program is a list of procedures used to gather sufficient and appropriate audit evidence. Tests of controls generally consist of combination of procedures such as inquiry of client personnel, inspection and observation, and recalculation Group of answer choices False, True True, True False, False

The audit program is a list of procedures used to gather sufficient and appropriate audit evidence. Tests of controls generally consist of combination of procedures such as inquiry of client personnel, inspection and observation, and recalculation Group of answer choices False, True True, True False, False

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter7: Planning The Audit: Identifying, And Responding To The Risk Of Material Misstatement

Section: Chapter Questions

Problem 13TFQ

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Similar questions

Audit testing relates to the completeness and occurrence assertions. Discuss the testing activities of vouching and tracing as they relate to either the occurrence or the completeness assertion. Provide an example of a vouching audit step and a tracing audit step and explain which provides evidence as to the occurrence and which provides evidence for the completeness assertion.
True or false Tests of controls generally consist of combination of procedures such as inquiry of client personnel, inspection and observation, and recalculation
To test the operating effectiveness of a control, an audit team might use a combination ofeach of the following tests except fora. Inquiry of client personnel.b. Observation of company operations.c. Confirmation of balances.d. Inspection of documentation
explain .After documenting internal control in an audit engagement, the auditor may perform tests on Those controls that the auditor plans to rely on. Those controls in which deficiencies were identified. Those controls that have a material effect on the financial statement balances. A random sample of the controls that were reviewed.