The primary responsibility for establishing and maintaining adequate accounting

The primary responsibility for establishing and

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34. The primary responsibility for establishing and maintaining adequate accounting and internal control systems rests with35.The auditor is not required to document in the audit working papers36.As the acceptable level of detection risk decreases the auditor may37.In an audit of financial statements, an auditor’s primary consideration regarding a control is whether it38.An auditor wishes to perform tests of controls on a client’s cash disbursements procedures. If the controls leave no audit trail of documentary evidence, the auditor most likely test the procedures by39.Which of the following would not be a method used to conduct test of control?40.The auditor is examining copies of sale invoices only for the initials of the person responsible for checking the extensions. This is an example of a41.Proper segregation of functional responsibilities calls for separation of the functions of42.Which of the following is a responsibility that should not be assigned to only one employee?
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