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Author Question: Once auditors determine that entity level controls are designed and placed in the operation, they (Read 29 times)

allywil32

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  • Posts: 144
on: Aug 21, 2022

Question 1

Before making the final assessment of internal control at the end of an audit, the auditor must
◦
Test controls Perform substantive tests 
YesYes

◦
Test controls Perform substantive tests 
NoNo

◦
Test controls Perform substantive tests 
YesNo

◦
Test controls Perform substantive tests
NoYes


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.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by allywil32 on Aug 21, 2022

miro2222

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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allywil32

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

Chelseyj.hasty

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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