If the auditor decides to rely on internal control evidence
A) he will test all controls of significance to the financial statements
B) he will report any deficiencies in internal control
C) he will evaluate the impact of any control deficiencies on the accounting system
D) he will first document the internal control system using flowcharts and questionnaires
Correct Answer:
Verified
Q55: The client may use a variety of
Q56: If the auditor chooses not to test
Q57: The definition of an asset is
A)an item
Q58: Management often uses internal controls in the
Q59: Management assertions in the acquisition and expenditure
Q61: The auditor determines whether an internal control
Q62: Key controls for the acquisition and expenditures
Q63: In the acquisition and expenditure process,the auditor
Q64: Substantive audit tests for the acquisition and
Q65: The auditing standards
A)require that the auditor test
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