This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When a compensating control exists, the absence of a key control (Read 77 times)

knightj

  • Full Member
  • ***
  • Posts: 163
on: Aug 21, 2022

Question 1

To determine if significant internal control deficiencies are material weaknesses, they must be evaluated on their
◦
LikelihoodSignificance
YesYes

◦
LikelihoodSignificance
NoNo

◦
LikelihoodSignificance
YesNo

◦
LikelihoodSignificance
NoYes


Question 2

When a compensating control exists, the absence of a key control
◦ is no longer a concern because there is no longer a significant deficiency or material weakness.
◦ is still a major concern to the auditor.
◦ could cause a material loss, so it must be tested using substantive procedures.
◦ is magnified and must be removed from the sampling process and examined in its entirety.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by knightj on Aug 21, 2022

hiyayyay

  • Full Member
  • ***
  • Posts: 204
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.
Answer Preview
Only 39% of students answer this correctly


knightj

  • Member
  • Posts: 163
Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Genetic control of root hair development. Genetic control of root hair development.
Homeostatic Control Mechanisms Homeostatic Control Mechanisms
EGT 1 and EGT 2 are used by the PCM to help control after treatment. EGT 1 and EGT 2 are used by the PCM to help control after treatment.
Control of Homeostasis: Negative Feedback Control of Homeostasis: Negative Feedback
The density of Pb(s) is 11.34 g/cm3. Pb(s) exists in the cubic-closest packed structure The density of Pb(s) is 11.34 g/cm3. Pb(s) exists in the cubic-closest packed structure
The response of the lac operon in the absence of lactose The response of the lac operon in the absence of lactose
Video: Secondary Active Transport

For a complete list of videos, visit our video library