The main goal of auditing internal control is
A) To allow the auditor to fix any internal control deficiencies.
B) To form an opinion on the ability of internal controls to prevent fraud.
C) To assure management that internal control is preventing all material misstatements on the financial statements.
D) To evaluate the effectiveness of controls over all relevant financial statement disclosures in the financial statements.
Correct Answer:
Verified
Q10: Which of the following is not a
Q12: In a public company, management must assess
Q16: A deficiency that implies that there is
Q17: The likelihood of an event is "more
Q18: Which of the following is not a
Q22: S&H Associates has just performed an audit
Q22: Which of the following statements is false?
A)
Q23: Which of the following is true regarding
Q24: Which of the following audit procedures would
Q25: ACL is an example of
A) An EDI
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