The auditor should assess control risk for each relevant assertion by evaluating the evidence obtained from all sources, includinga. The auditor’s testing of controls for the audit of internal control on a public company.b. Misstatements detected during the financial statement audit.c. Any control deficiencies identified during the audit.d. All of the above.
The auditor should assess control risk for each relevant assertion by evaluating the evidence obtained from all sources, includinga. The auditor’s testing of controls for the audit of internal control on a public company.b. Misstatements detected during the financial statement audit.c. Any control deficiencies identified during the audit.d. All of the above.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter1: Quality Auditing: Why It Matters
Section: Chapter Questions
Problem 1RQSC
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The auditor should assess control risk for each relevant assertion by evaluating the evidence obtained from all sources, including
a. The auditor’s testing of controls for the audit of internal control on a public company.
b. Misstatements detected during the financial statement audit.
c. Any control deficiencies identified during the audit.
d. All of the above.
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