Once auditors determine an automated control is functioning properly, they can focus subsequent tests on assessing whether any changes have occurred that will limit the effectiveness of the control.
Correct Answer:
Verified
Q42: Analytical procedures are the least costly type
Q44: Only tests of details of balances involve
Q52: Tests of controls are generally more costly
Q53: In the audit of a public company,
Q57: Because of the high cost of tests
Q58: A deficiency uncovered in the audit of
Q64: The results of tests of controls and
Q78: The auditor's understanding of internal control performed
Q79: If internal controls are tested and are
Q89: Auditing standards require a written audit program.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents