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Author Question: Which of the following is true regarding the relationship between tests of controls and procedures ... (Read 33 times)

Lin Shi

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on: Aug 21, 2022
Which of the following is true regarding the relationship between tests of controls and procedures to obtain an understanding?
◦ In obtaining an understanding of internal control, the procedures to obtain an understanding are applied to all controls identified during that phase.
◦ Tests of controls are applied only when the assessed control risk has not been satisfied by the procedures to obtain an understanding.
◦ Procedures to obtain an understanding are performed only on one or a few transactions.
◦ All of these are correct.
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Marked as best answer by Lin Shi on Aug 21, 2022

reactx

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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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Lin Shi

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

kswal303

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Reply 3 on: Yesterday
Wow, this really help

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