Author: Anonymous

In an audit of internal control over financial reporting, which deficiencies in control should be communicated in writing to those charged with governance?

When the audit team increases the planned assessed level of control risk because certain control activities were determined to be ineffective, the audit team would most likely increase the:

Vouching is used primarily to test which of the following assertions?

The auditor is not required to ask the predecessor auditor about:

After the auditor has prepared a flowchart of the internal controls surrounding sales and evaluated the design of the system for a private company, the auditor would perform tests of controls on all control activities:

Which of the following would result in under reliance on internal control?

Which of the following is not a type of audit test?

Which of the following are true regarding sampling risk?

Which of the following would not be discussed in the engagement letter?

Which of the following would most likely be the best accounting base to use in determining materiality for an entity engaged in not-for-profit activities?