Which of the following is a type of control that the PCAOB recommends the auditor to consider in evaluating whether or not the organization has sufficiently addressed fraud risk?
A)Controls over significant,unusual transactions,particularly those that result in late or unusual journal entries.
B)Controls over entries that relate to foreign sales.
C)Controls over related-party transactions.
D)Both A and C
E)All of the above.

Question

Quizplus · Accepted Answer

The PCAOB recommends that auditors consider controls over significant, unusual transactions, particularly those that result in late or unusual journal entries, as well as controls over related-party transactions, in evaluating whether or not the organization has sufficiently addressed fraud risk. Controls over entries that relate to foreign sales may also be considered, but are not specifically mentioned in the question or answer choices. Therefore, choice D, which includes both controls over significant, unusual transactions and related-party transactions, is the best choice.

Which of the Following Is a Type of Control That