Which of the following is not a useful risk assessment procedure for obtaining an understanding of internal controls?
A) Make inquiries of the client's personnel.
B) Examine documents and records.
C) Read industry trade magazines.
D) Observe client activities and operations.

Question

Quizplus · Accepted Answer

Reading industry trade magazines, while useful for gaining industry knowledge and understanding the client's business environment, is not a direct method for assessing a client's internal control system. The other options directly involve evaluating the client's internal processes and controls.

Which of the Following Is Not a Useful Risk Assessment