Evaluation of the internal accounting control system

Reference no: EM132289

Question:

An auditor evaluation and study of the internal accounting control system made in connection with an annual audit is generally not sufficient to show an opinion on an entity system because?

a. The computation of weaknesses is subjective enough that an auditor could not express an opinion on the internal accounting controls alone

b. The audit cost benefit relationship permits an auditor to show only reasonable assurance that the system operates as designed.

c. Management can change the internal accounting controls to correct weaknesses.

d. Only those controls on which an auditor intends to rely are reviewed, tested and computed.

Reference no: EM132289

Questions Cloud

Evaluate the value-added ratio : Evaluate the value-added, the value-added ratio, and total lead time

Audited financial statements covered by an auditors report : Show a qualified opinion on the financial statements because of the client imposed scope limitation.

Agents that can cause respiratory problems at the workplace : Name five agents That can cause respiratory problems at the workplace What can you derive from the history of the worker on the nature of the responsible agent

Show a qualified opinion on the financial statements : Show a qualified opinion on the financial statements because of the client imposed scope limitation.

Evaluation of the internal accounting control system : An auditor evaluation and study of the internal accounting control system

Write the journal entries using the equity method : Write the journal entries for 20X2 on BID's books related to its investment In TIC Corporation, using the equity method.

Hiv/aids at workplace -definition and mode of transmission : HIV/AIDS at the workplace (i) Definition and mode of transmission (ii) Impact on workers and enterprises

Employers and workers know about occupational dermatoses : What should employers and workers know about Occupational Dermatoses? Outline the most commonly diagnosed forms of mental distress and their possible causes.

Elaborate on this pertinent health issue : There is a strong evidence base showing that work is generally good for physical and mental health and well-being. Elaborate on this pertinent health issue.

User Account

All Pages