7.0 TOC Flashcards
1
Q
What are techniques used for testing controls?
A
Enquiry involves the auditor asking questions of the employees performing the controls to determine how the control is completed and whether it appears to have been carried out properly and on a timely basis.
Observation involves the auditor observing the actual control being performed.
Inspection of physical evidence relies on the auditor testing the physical evidence to verify that a control has been performed properly.
Re-performance involves the auditor re-performing the control to test its effectiveness.
