Each key control that the auditor intends to rely on must be supported by sufficient:
A) analytical review procedures.
B) tests of transactions.
C) tests of controls.
D) reperformance procedures.

Question

Quizplus · Accepted Answer

Key controls must be supported by tests of controls, as these tests evaluate the effectiveness of the control in preventing or detecting errors or fraud. Analytical review procedures and reperformance procedures may provide additional evidence, but they are not sufficient on their own for relying on a key control. Tests of transactions may be necessary to test the completeness of a control, but they are not sufficient to support reliance on a key control.

Each Key Control That the Auditor Intends to Rely on Must