Key controls are those ________.
A) over significant risks
B) over physical access
C) on which the auditor intends to rely
D) designed by the audit committee to prevent management fraud

Question

Quizplus · Accepted Answer

Key controls are those that address significant risks within an organization. These may include financial, operational, or compliance risks. Key controls are identified by the auditor during the audit planning process and are the focus of the audit work. The auditor may choose to rely on key controls in order to reduce the extent of substantive testing that is required.

Key Controls Are Those ________