6 of the following statements about internal control, which one is not valid? Advanced Guide
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Auditing – Internal Controls Evaluation
Auditing – Internal Controls Evaluation
Auditing – Internal Controls Evaluation
Of the following statements about internal control, which one is not valid?-高顿题库 [1]
|Of the following statements about internal control, which one is not valid?|. Controls reasonably ensure that collusion among employees cannot occur.
Transactions must be properly authorized before such transactions are processed.. No one person should be responsible for the custodial responsibility and the recording responsibility for an asset.
[AA/F8: Tài liệu ôn thi] Part C: Internal Control [2]
Part C sẽ ôn lại 7 dạng bài tập quan trọng môn Audit & Assurance (F8) với chủ đề Internal Control.. Reference: BPP ACCA F8 – Audit & Aussurance StudyText
Which of the following is NOT a component of an entity’s internal control?A. The selection and application of accounting policies
– F9 BPP Chapter 9: Internal control phần 1: Internal control system. The selection and application of accounting policies is not a component of an entity’s internal control.
Auditing Standard No. 5 [3]
The following auditing standard is not the current version and does not reflect any amendments effective on or after December 31, 2016. The current version of the auditing standards can be found here.
Effective Date: Fiscal years ending on or after November 15, 2007. This standard establishes requirements and provides direction that applies when an auditor is engaged to perform an audit of management’s assessment 1/ of the effectiveness of internal control over financial reporting (“the audit of internal control over financial reporting”) that is integrated with an audit of the financial statements
3/ If one or more material weaknesses exist, the company’s internal control over financial reporting cannot be considered effective. The auditor’s objective in an audit of internal control over financial reporting is to express an opinion on the effectiveness of the company’s internal control over financial reporting
Multiple Choice Quiz [4]
Auditors obtain an understanding of an entitys internal control for the primary purpose of:. |A)||Gathering sufficient appropriate evidence to provide a reasonable basis for an opinion on the financial statements.|
|C)||Determining whether interim audit testing is appropriate.|. |D)||Providing documentary evidence to present to those charged with governance.|
|C)||Reflect managements philosophy and operating style.|. Which of the following statements about internal control is correct?
Answered: Which of the following statements is… [5]
Auditing: A Risk Based-Approach (MindTap Course List). Which of the following statements is true of auditing?
External audits are handled by employees of the organization.. Publicly held corporations are required by law to have internal audits regularly.
Organizations contract with certified public accountants for external audits.. Learn more aboutNeed a deep-dive on the concept behind this application? Look no further
Module_6_Consideration_of_Internal_Control [6]
MODULE 6 CONSIDERATIONS OF INTERNAL CONTROL PSA-BASED QUESTIONS 1. An auditor considers internal control in order to: A
An auditor considers internal control in order to: A. The primary purpose of the auditor’s consideration of internal control is to provide a basis for A
Constructive suggestions to clients concerning deficiencies in internal control. Determine the nature, timing and extent of audit tests to be applied
Sources
- https://www.gaodun.com/q/f00p18
- https://knowledge.sapp.edu.vn/knowledge/aa/f8-t%C3%A0i-li%E1%BB%87u-%C3%B4n-thi-part-c-internal-control
- https://pcaobus.org/oversight/standards/archived-standards/pre-reorganized-auditing-standards-interpretations/details/Auditing_Standard_5
- https://highered.mheducation.com/sites/0077143019/student_view0/chapter6/multiple_choice_quiz.html
- https://www.bartleby.com/questions-and-answers/which-of-the-following-statements-is-true-of-auditing/533bbf82-bf59-4315-970e-1dd1d3f7e129
- https://pdfcoffee.com/module6considerationofinternalcontrol-pdf-free.html
