Once auditors determine that entity level controls are designed ...

[allywil32]

Question 1

Before making the final assessment of internal control at the end of an audit, the auditor must
◦

Test controls	Perform substantive tests
Yes	Yes

◦

Test controls	Perform substantive tests
No	No

◦

Test controls	Perform substantive tests
Yes	No

◦

Test controls	Perform substantive tests
No	Yes

Question 2

Once auditors determine that entity level controls are designed and placed in the operation, they
◦ make a preliminary assessment for each transaction-related audit objective for each major type of transaction.
◦ make a preliminary assessment of control risk.
◦ obtain an understanding of the design and implementation of internal control.
◦ prepare audit documentation in order to express their opinion on the company's internal control system.

[miro2222]

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[allywil32]

TYSM

[ricroger]

Thanks for the timely response, appreciate it