Author Question: It is generally possible for small companies to have all of the followingexceptfor (Read 95 times)

lingual · **on:** Aug 21, 2022

Question 1

In the audit of a private company, the auditor will test internal controls when control risk is initially assessed at
◦

Low	Moderate	High
Yes	No	Yes

◦

Low	Moderate	High
No	No	Yes

◦

Low	Moderate	High
Yes	Yes	No

◦

Low	Moderate	High
No	Yes	No

Question 2

It is generally possible for small companies to have all of the following except for
◦ adequate documents and records.
◦ physical controls over assets.
◦ competent, trustworthy personnel.
◦ internal auditors.

saly · **Reply #1 on:** Aug 21, 2022

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