The preliminary assessment of control risk includes all the following procedures except Consider the results of previous audits that involved evaluating the operating effectiveness of internal control. Interview entity personnel to find evidence of management's commitment to the design, implementation and maintenance of sound internal control. Identify possible liabilities which may arise. O Discuss the possibility of audit risk with audit firm personnel.
The preliminary assessment of control risk includes all the following procedures except Consider the results of previous audits that involved evaluating the operating effectiveness of internal control. Interview entity personnel to find evidence of management's commitment to the design, implementation and maintenance of sound internal control. Identify possible liabilities which may arise. O Discuss the possibility of audit risk with audit firm personnel.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:The preliminary assessment of control risk includes all the following procedures except:
Consider the results of previous audits that involved evaluating the operating effectiveness of internal control.
Interview entity personnel to find evidence of management's commitment to the design, implementation and
maintenance of sound internal control.
Identify possible liabilities which may arise.
O Discuss the possibility of audit risk with audit firm personnel.
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