Chapter 07 Internal Control over Financial
1. An auditor can broadly define controls as _.
A. those elements of an organization that, taken together, support people in achieving an
B. those systems, processes, and proce
Chapter 06 Assessing Risks in an Audit
1. Business processes cross boundaries between functional areas of an organization.
Business process management systems have been facilitated by _.
A. management information systems
B. enterprise resource
Chapter 05 Preliminary Audit Planning:
Understanding the Auditee's Business
1. An "accountable party" can be all of the following at the same time except _.
A. an auditor
B. an entity
C. a client
D. an auditee
2. Audit risk can be offset by _.
Chapter 09 Control Assessment and Testing
1. The auditor's primary purpose for evaluating internal control is to _.
A. help design of the final audit plan
B. help management design internal control systems
C. help judge how much control is necessary
Chapter 08 Audit Evidence and Assurance
1. The audit evidence gathering technique known as computation or recalculation refers
A. sending letters to independent third parties
B. counting inventory
C. recalculating depreciation
D. checking prices as