Ask Question
BusinessBusiness
22 November, 08:03

The auditor should perform tests of controls when the auditor's assessment of the risks of material misstatement includes an expectation of the operating effectiveness of internal control or when

+3
Answers (1)
  1. 22 November, 08:05
    0
    The auditor should only perform tests of control when the procedure of which are substantive alone are not enough to provide sufficient evidence in which should be at the relevant assertion level and by that, the auditor should perform test on the controls.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The auditor should perform tests of controls when the auditor's assessment of the risks of material misstatement includes an expectation of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of these is mos likely outcome of a financial crisis
Answers (1)
A logical data flow diagram: does not include any primitive processes. is a model of how the business operates. includes types of programs, such as online or batch. is a model of how the system will be implemented.
Answers (1)
Timco is considering the purchase of a new machine. The machine costs 34,000. It will cost 5000 to modify and install it. We will need to spend 4000 on net working capital. We also just spent 2000 on a new sign for our office building.
Answers (1)
The extent to which the income from individual transactions is affected by fluctuations in foreign exchange values is known as
Answers (1)
States may regulate incidental, not direct, aspects of interstate commerce if: A) the state is furthering a legitimate local interest. B) there is no discrimination against interstate commerce in favor of local commerce.
Answers (2)
New Questions in Business
In a recent study, young soccer players who were given task-oriented feedback from parents perceived their motivational climate as being more
Answers (1)
If in a perfectly competitive industry, the market price facing a firm is below its average total cost but above average variable cost at the output where marginal cost equals marginal revenue:a. the industry supply will not change. b.
Answers (1)
Under what circumstances is it advantageous for a taxpayer to make a nondeductible contribution to a traditional IRA rather than a contribution to a Roth IRA? Tax Payer Status Maximum AGI limit Starting phase out limit a. Married filing joint b.
Answers (1)
A production department's output for the most recent month consisted of 9,400 units completed and transferred to the next stage of production and 6,400 units in ending Work in Process inventory.
Answers (2)
Sharon Silver is an attorney in Los Angeles. Silver uses the directâ write-off method to account for uncollectible receivables. At April 30 comma 2018â, Silverâ's accounts receivable totaled $ 22 comma 000.
Answers (1)
Home » Business » The auditor should perform tests of controls when the auditor's assessment of the risks of material misstatement includes an expectation of the operating effectiveness of internal control or when
Sign Up Forgot Password?