AUD 3 Internal Control 10 - 6

Question 1

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

An auditor performs the following procedures to obtain and apply an understanding of internal control to an audit:

Step 1 – Obtain an understanding of the design of all 5 components of the entity’s internal control (CRIME) through the performance of risk assessment procedures.

Step 2 – Document the understanding of Internal Control.

Step 3 – Assess Risk of Material Misstatement (RMM) which consists of inherent risk (IR) and control risk (CR).
RMM = IR × CR

Step 4 – Develop an audit strategy to either:
o (RELY?)
Perform tests of control (TofC) to determine if CR is below maximum, reducing RMM below the level of IR and allowing for the modification of the nature, timing, and extent of further audit procedures (sub tests): or
o (NOT Rely)
Decide NOT to perform tests of controls, assessing CR at the maximum level as if the control did not exist, and measuring RMM as being equal to IR.

Step 5 – Reassess Risk of Material Misstatement and evaluate results.
o For controls for which tests of controls were performed, evaluate results to reassess RMM and determine if it is appropriate to modify the nature, timing, and extent of further audit procedures.

Step 6 – Document conclusions and determine the effect on the planned substantive procedures. At this point, the audit program needs to be developed or revised for further audit procedures.

Answer 1

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

An auditor performs the following procedures to obtain and apply an understanding of internal control to an audit:

Step 1 – Obtain an understanding of the design of all 5 components of the entity’s internal control (CRIME) through the performance of risk assessment procedures.

Step 2 – Document the understanding of Internal Control.

Step 3 – Assess Risk of Material Misstatement (RMM) which consists of inherent risk (IR) and control risk (CR).
RMM = IR × CR

Step 4 – Develop an audit strategy to either:
o (RELY?)
Perform tests of control (TofC) to determine if CR is below maximum, reducing RMM below the level of IR and allowing for the modification of the nature, timing, and extent of further audit procedures (sub tests): or
o (NOT Rely)
Decide NOT to perform tests of controls, assessing CR at the maximum level as if the control did not exist, and measuring RMM as being equal to IR.

Step 5 – Reassess Risk of Material Misstatement and evaluate results.
o For controls for which tests of controls were performed, evaluate results to reassess RMM and determine if it is appropriate to modify the nature, timing, and extent of further audit procedures.

Step 6 – Document conclusions and determine the effect on the planned substantive procedures. At this point, the audit program needs to be developed or revised for further audit procedures.

Question 2

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 – Document conc______s and determine the effect on the planned substantive procedures.

At this point, the audit program needs to be developed or revised for further audit procedures.

Answer 2

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 – Document conclusions and determine the effect on the planned substantive procedures.

At this point, the audit program needs to be developed or revised for further audit procedures.

Question 3

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 – Document conclusions and determine the ef____ on the planned substantive procedures.

At this point, the audit program needs to be developed or revised for further audit procedures.

Answer 3

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 – Document conclusions and determine the effect on the planned substantive procedures.

At this point, the audit program needs to be developed or revised for further audit procedures.

Question 4

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 – Document conclusions and determine the effect on the pl___ed substantive procedures.

At this point, the audit program needs to be developed or revised for further audit procedures.

Answer 4

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 – Document conclusions and determine the effect on the planned substantive procedures.

At this point, the audit program needs to be developed or revised for further audit procedures.

Question 5

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 – Document conclusions and determine the effect on the planned substantive procedures.

At this point, the audit pro____ needs to be developed or revised for further audit procedures.

Answer 5

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 – Document conclusions and determine the effect on the planned substantive procedures.

At this point, the audit program needs to be developed or revised for further audit procedures.

Question 6

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 – Document conclusions and determine the effect on the planned substantive procedures.

At this point, the audit program needs to be developed or re___ed for further audit procedures.

Answer 6

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 – Document conclusions and determine the effect on the planned substantive procedures.

At this point, the audit program needs to be developed or revised for further audit procedures.

Question 7

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 – Document conclusions and determine the effect on the planned substantive procedures.

At this point, the audit program needs to be dev____ed or revised for further audit procedures.

Answer 7

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 – Document conclusions and determine the effect on the planned substantive procedures.

At this point, the audit program needs to be developed or revised for further audit procedures.

Question 8

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor is re____ed to communicate significant deficiencies and material weaknesses to management and those charged with governance.

Answer 8

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.

Question 9

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor is required to communicate sign_______ deficiencies and mat______ weaknesses to management and those charged with governance.

Answer 9

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.

Question 10

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor is required to communicate significant deficiencies and material weaknesses to ma_________ and those charged with gov___________.

Answer 10

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.

Question 11

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor is required to comm_________ significant deficiencies and material weaknesses to management and those charged with governance.

The basis for risk assessment must always be documented.

Answer 11

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.

The basis for risk assessment must always be documented.

Question 12

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.

The ba___ for risk assessment must always be documented.

Answer 12

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.

The basis for risk assessment must always be documented.

Question 13

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.

The basis for risk assessment m___ always be documented.

Answer 13

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.

The basis for risk assessment must always be documented.

Question 14

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The basis for risk assessment must always be do_______ed.

Answer 14

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The basis for risk assessment must always be documented.

Question 15

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The basis for r___ assessment must always be documented.

Answer 15

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The basis for risk assessment must always be documented.

Question 16

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.

The basis for risk assessment must always be documented.

The aud____ needs to document:

• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;

Answer 16

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance.

The basis for risk assessment must always be documented.

The auditor needs to document:

• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;

Question 17

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor needs to document:

• The asse________ of the risks of material misstatement at the financial statement and relevant assertion levels;

Answer 17

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor needs to document:

• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;

Question 18

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor needs to document:

• The assessment of the r___s of material misstatement at the financial statement and relevant assertion levels;

Answer 18

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor needs to document:

• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;

Question 19

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor needs to document:

• The assessment of the risks of material misstatement at the fin_______ statement and relevant asse_____ levels;

Answer 19

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor needs to document:

• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;

Question 20

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor needs to document:

• The assessment of the risks of ma______ misstatement at the financial statement and relevant assertion le___s;

Answer 20

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor needs to document:

• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;

Question 21

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor n___s to document:

• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
• The basis for that assessment;

Answer 21

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor needs to document:

• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
• The basis for that assessment;

Question 22

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor needs to document:

• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
• The ba___ for that assessment;

Answer 22

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor needs to document:

• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
• The basis for that assessment;

Question 23

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor needs to document:

• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
• The basis for that asse_________;

Answer 23

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor needs to document:

• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
• The basis for that assessment;

Question 24

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor needs to document:

• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
• The basis for that assessment;
• Significant r___s identified and related controls evaluated;

Answer 24

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 6 –
6. Document Conclusions and Develop or Revise Audit Programs

The auditor needs to document:

• The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;
• The basis for that assessment;
• Significant risks identified and related controls evaluated;

Question 25

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * The assessment of the risks of material misstatement at the financial statement and relevant assertion levels; * The basis for that assessment; * Sign_______ risks identified and related controls evaluated;

Answer 25

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * The assessment of the risks of material misstatement at the financial statement and relevant assertion levels; * The basis for that assessment; * Significant risks identified and related controls evaluated;

Question 26

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * The assessment of the risks of material misstatement at the financial statement and relevant assertion levels; * The basis for that assessment; * Significant risks identified and related con____s evaluated;

Answer 26

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * The assessment of the risks of material misstatement at the financial statement and relevant assertion levels; * The basis for that assessment; * Significant risks identified and related controls evaluated;

Question 27

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * The basis for that assessment; * Significant risks identified and related controls eva____ed; * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Answer 27

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * The basis for that assessment; * Significant risks identified and related controls evaluated; * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 28

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * The basis for that assessment; * Significant risks identified and re____d controls evaluated; * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Answer 28

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * The basis for that assessment; * Significant risks identified and related controls evaluated; * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 29

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * Significant risks identified and related controls evaluated; * R___s identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Answer 29

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * Significant risks identified and related controls evaluated; * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 30

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * Significant risks identified and related controls evaluated; * Risks identified that re___re tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Answer 30

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * Significant risks identified and related controls evaluated; * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 31

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * Significant risks identified and related controls evaluated; * Risks identified that require tests of controls to obtain suff______ audit evidence and the related controls evaluated.

Answer 31

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * Significant risks identified and related controls evaluated; * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 32

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * Significant risks identified and related controls evaluated; * Risks identified that require tests of controls to obtain sufficient audit ev________ and the related controls evaluated.

Answer 32

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * Significant risks identified and related controls evaluated; * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 33

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * Significant risks identified and related controls evaluated; * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls eva____ed.

Answer 33

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * Significant risks identified and related controls evaluated; * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 34

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: • Risks id_______ed that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Answer 34

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 35

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * The asses______ of the risks of material misstatement at the financial statement and relevant assertion levels; * The basis for that asses_______; * Significant risks identified and related controls eva____ed; and * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls eva____ed.

Answer 35

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * The assessment of the risks of material misstatement at the financial statement and relevant assertion levels; * The basis for that assessment; * Significant risks identified and related controls evaluated; and * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 36

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * The assessment of the risks of material misstatement at the financial statement and relevant assertion levels; * The basis for that assessment; * Significant risks identified and related controls evaluated; and * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Answer 36

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor needs to document: * The assessment of the risks of material misstatement at the financial statement and relevant assertion levels; * The basis for that assessment; * Significant risks identified and related controls evaluated; and * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 37

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance. The basis for risk assessment must always be documented. The auditor needs to document: * The assessment of the risks of material misstatement at the financial statement and relevant assertion levels; * The basis for that assessment; * Significant risks identified and related controls evaluated; and * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Answer 37

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor is required to communicate significant deficiencies and material weaknesses to management and those charged with governance. The basis for risk assessment must always be documented. The auditor needs to document: * The assessment of the risks of material misstatement at the financial statement and relevant assertion levels; * The basis for that assessment; * Significant risks identified and related controls evaluated; and * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 38

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will doc_______ the procedures performed and the conclusions reached

Answer 38

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached

Question 39

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the pro______es performed and the conclusions reached such that others will understand

Answer 39

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached such that others will understand

Question 40

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the con________s reached such that others will understand

Answer 40

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached such that others will understand

Question 41

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached such that others will und________

Answer 41

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached such that others will understand

Question 42

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that ot___s will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Answer 42

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Question 43

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what pro______s were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Answer 43

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Question 44

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what i___s were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Answer 44

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Question 45

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were t___ed and how they were selected, the evidence gathered, and the conclusions drawn. ```

Answer 45

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Question 46

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and h__ they were selected, the evidence gathered, and the conclusions drawn. ```

Answer 46

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Question 47

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were se____ed, the evidence gathered, and the conclusions drawn. ```

Answer 47

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Question 48

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evid_____ gathered, and the conclusions drawn. ```

Answer 48

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Question 49

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the concl______s drawn. ```

Answer 49

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Question 50

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Answer 50

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Question 51

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.

Answer 51

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.

Question 52

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. In addition, the auditor will dev____ audit programs to indicate the further audit procedures

Answer 52

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. In addition, the auditor will develop audit programs to indicate the further audit procedures

Question 53

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. In addition, the auditor will develop audit programs to indicate the fur____ audit procedures

Answer 53

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. In addition, the auditor will develop audit programs to indicate the further audit procedures

Question 54

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are nec______y and appropriate in order to draw a conclusion related to a management assertion.

Answer 54

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appropriate in order to draw a conclusion related to a management assertion.

Question 55

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appr______ in order to draw a conclusion related to a management assertion.

Answer 55

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appropriate in order to draw a conclusion related to a management assertion.

Question 56

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appropriate in order to draw a conc_______ related to a management assertion.

Answer 56

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appropriate in order to draw a conclusion related to a management assertion.

Question 57

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appropriate in order to draw a conclusion related to a management asse_______.

Answer 57

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appropriate in order to draw a conclusion related to a management assertion.

Question 58

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appropriate in order to draw a conclusion related to a management assertion.

Answer 58

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 6 – 6. Document Conclusions and Develop or Revise Audit Programs The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appropriate in order to draw a conclusion related to a management assertion.

Question 59

The auditor is required to communicate 1) _________ deficiencies and 2) material weaknesses to management and those charged with governance.

Answer 59

The auditor is required to communicate 1) significant deficiencies and 2) material weaknesses to management and those charged with governance.

Question 60

The auditor is required to communicate 1) significant deficiencies and 2) _________ weaknesses to management and those charged with governance.

Answer 60

The auditor is required to communicate 1) significant deficiencies and 2) material weaknesses to management and those charged with governance.

Question 61

The auditor is __________ to communicate 1) significant deficiencies and 2) material weaknesses to management and those charged with governance.

Answer 61

The auditor is required to communicate 1) significant deficiencies and 2) material weaknesses to management and those charged with governance.

Question 62

The auditor is required to communicate 1) ____________________ and 2) material weaknesses to management and those charged with governance.

Answer 62

The auditor is required to communicate 1) significant deficiencies and 2) material weaknesses to management and those charged with governance.

Question 63

The auditor is required to communicate 1) significant deficiencies and 2) _____________________ to management and those charged with governance.

Answer 63

The auditor is required to communicate 1) significant deficiencies and 2) material weaknesses to management and those charged with governance.

Question 64

The auditor is required to _____________ 1) significant deficiencies and 2) material weaknesses to management and those charged with governance.

Answer 64

The auditor is required to communicate 1) significant deficiencies and 2) material weaknesses to management and those charged with governance.

Question 65

The auditor is required to communicate 1) ___________________ and 2) ______________________ to management and those charged with governance.

Answer 65

The auditor is required to communicate 1) significant deficiencies and 2) material weaknesses to management and those charged with governance.

Question 66

The auditor is required to communicate 1) significant deficiencies and 2) material weaknesses to ___________ and those charged with governance.

Answer 66

The auditor is required to communicate 1) significant deficiencies and 2) material weaknesses to management and those charged with governance.

Question 67

The auditor is required to communicate 1) significant deficiencies and 2) material weaknesses to management and those __________________________.

Answer 67

The auditor is required to communicate 1) significant deficiencies and 2) material weaknesses to management and those charged with governance.

Question 68

The ________ is required to communicate 1) significant deficiencies and 2) material weaknesses to management and those charged with governance.

Answer 68

The auditor is required to communicate 1) significant deficiencies and 2) material weaknesses to management and those charged with governance.

Question 69

The auditor is required to communicate 1) significant deficiencies and 2) material weaknesses to __________ and those charged with ____________.

Answer 69

The auditor is required to communicate 1) significant deficiencies and 2) material weaknesses to management and those charged with governance.

Question 70

Whom the auditor is required to communicate significant deficiencies and material weaknesses to?

Answer 70

Whom the auditor is required to communicate significant deficiencies and material weaknesses to? Answer: Management and those charged with governance.

Question 71

Who need to know about significant deficiencies and material weaknesses from the auditor?

Answer 71

Who need to know about significant deficiencies and material weaknesses from the auditor? Answer: Management and those charged with governance.

Question 72

What must always be documented?

Answer 72

What must always be documented? The basis for risk assessment must always be documented.

Question 73

The _____ for risk assessment must always be documented.

Answer 73

The basis for risk assessment must always be documented.

Question 74

The _____ for risk _____________ must always be documented.

Answer 74

The basis for risk assessment must always be documented.

Question 75

The basis for risk assessment must always be _____________.

Answer 75

The basis for risk assessment must always be documented.

Question 76

The basis for risk assessment must ________ be documented.

Answer 76

The basis for risk assessment must always be documented.

Question 77

The auditor needs to document: • The __________ of the risks of material misstatement at the financial statement and relevant assertion levels

Answer 77

The auditor needs to document: • The assessment of the risks of material misstatement at the financial statement and relevant assertion levels

Question 78

The auditor needs to document: • The assessment of the risks of ____________________ at the financial statement and relevant assertion levels

Answer 78

The auditor needs to document: • The assessment of the risks of material misstatement at the financial statement and relevant assertion levels;

Question 79

The auditor needs to document: • The assessment of the risks of material misstatement at the __________ statement and relevant assertion levels

Answer 79

The auditor needs to document: • The assessment of the risks of material misstatement at the financial statement and relevant assertion levels

Question 80

The auditor needs to document: • The assessment of the risks of material misstatement at the financial statement and ________ assertion levels

Answer 80

The auditor needs to document: • The assessment of the risks of material misstatement at the financial statement and relevant assertion levels

Question 81

The auditor needs to document: • The assessment of the risks of material misstatement at the financial statement and relevant __________ levels

Answer 81

The auditor needs to document: • The assessment of the risks of material misstatement at the financial statement and relevant assertion levels

Question 82

The auditor needs to document: • The assessment of the risks of material misstatement at the ______________________ and relevant assertion levels

Answer 82

The auditor needs to document: • The assessment of the risks of material misstatement at the financial statement and relevant assertion levels

Question 83

The auditor needs to document: • The assessment of the risks of material misstatement at the financial statement and ______________________ levels

Answer 83

The auditor needs to document: • The assessment of the risks of material misstatement at the financial statement and relevant assertion levels

Question 84

The auditor needs to document: • The assessment of the _______________________ at the financial statement and relevant assertion levels

Answer 84

The auditor needs to document: • The assessment of the risks of material misstatement at the financial statement and relevant assertion levels

Question 85

The auditor needs to document: * The assessment of the risks of material misstatement at the financial statement and relevant assertion levels; * The _____ for that assessment;

Answer 85

The auditor needs to document: * The assessment of the risks of material misstatement at the financial statement and relevant assertion levels; * The basis for that assessment;

Question 86

The auditor needs to document: * The assessment of the risks of material misstatement at the financial statement and relevant assertion levels; * The basis for that __________;

Answer 86

The auditor needs to document: * The assessment of the risks of material misstatement at the financial statement and relevant assertion levels; * The basis for that assessment;

Question 87

The auditor needs to document: • __________ risks identified and related controls evaluated

Answer 87

The auditor needs to document: • Significant risks identified and related controls evaluated

Question 88

The auditor needs to document: • Significant _____ identified and related controls evaluated

Answer 88

The auditor needs to document: • Significant risks identified and related controls evaluated

Question 89

The auditor needs to document: • Significant risks identified and ________ controls evaluated

Answer 89

The auditor needs to document: • Significant risks identified and related controls evaluated

Question 90

The auditor needs to document: • _______________ identified and related controls evaluated

Answer 90

The auditor needs to document: • Significant risks identified and related controls evaluated

Question 91

The auditor needs to document: • Significant risks identified and related _______ evaluated

Answer 91

The auditor needs to document: • Significant risks identified and related controls evaluated

Question 92

The auditor needs to document: • Significant risks identified and _____________ evaluated

Answer 92

The auditor needs to document: • Significant risks identified and related controls evaluated

Question 93

The auditor needs to document: • Significant risks identified and related controls __________

Answer 93

The auditor needs to document: • Significant risks identified and related controls evaluated

Question 94

The auditor needs to document: • Significant risks _________ and related controls evaluated

Answer 94

The auditor needs to document: • Significant risks identified and related controls evaluated

Question 95

The auditor needs to document: • _____ identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Answer 95

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 96

The auditor needs to document: • Risks identified that require _____________ to obtain sufficient audit evidence and the related controls evaluated.

Answer 96

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 97

The auditor needs to document: • Risks identified that require tests of controls to obtain ________ audit evidence and the related controls evaluated.

Answer 97

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 98

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient _____ evidence and the related controls evaluated.

Answer 98

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 99

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit _________ and the related controls evaluated.

Answer 99

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 100

The auditor needs to document: • Risks _________ that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Answer 100

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 101

The auditor needs to document: • Risks identified that _______ tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Answer 101

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 102

The auditor needs to document: • Risks identified that require _______________ to obtain sufficient audit evidence and the related controls evaluated.

Answer 102

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 103

The auditor needs to document: • Risks identified that require tests of controls to obtain ________________________ and the related controls evaluated.

Answer 103

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 104

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit evidence and the ___________ evaluated.

Answer 104

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 105

The auditor needs to document: • _______________ that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Answer 105

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 106

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit evidence and the ______________ evaluated.

Answer 106

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 107

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls _________.

Answer 107

The auditor needs to document: • Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 108

The auditor needs to document: * The assessment of the risks of material misstatement at the financial statement and relevant assertion levels; * The basis for that assessment; * Significant risks identified and related controls evaluated; and * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Answer 108

The auditor needs to document: * The assessment of the risks of material misstatement at the financial statement and relevant assertion levels; * The basis for that assessment; * Significant risks identified and related controls evaluated; and * Risks identified that require tests of controls to obtain sufficient audit evidence and the related controls evaluated.

Question 109

The auditor will document | the ___________ performed and the conclusions reached

Answer 109

The auditor will document | the procedures performed and the conclusions reached

Question 110

The auditor will document | the procedures performed and the __________ reached

Answer 110

The auditor will document | the procedures performed and the conclusions reached

Question 111

The auditor will document | the _______________________ and the conclusions reached

Answer 111

The auditor will document | the procedures performed and the conclusions reached

Question 112

The auditor will document | the procedures performed and the ___________________

Answer 112

The auditor will document | the procedures performed and the conclusions reached

Question 113

The auditor will document the procedures performed and the conclusions reached such that others will ___________

Answer 113

The auditor will document the procedures performed and the conclusions reached such that others will understand

Question 114

The auditor will document the procedures performed and the conclusions reached such that others will understand _____ procedures were performed,

Answer 114

The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed,

Question 115

The auditor will document the procedures performed and the conclusions reached such that others will understand what ________ were performed,

Answer 115

The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed,

Question 116

The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed, what ______ were tested and how they were selected,

Answer 116

The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed, what items were tested and how they were selected,

Question 117

The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed, what items were ________ and how they were selected,

Answer 117

The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed, what items were tested and how they were selected,

Question 118

The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed, what items were tested and how they were ________,

Answer 118

The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed, what items were tested and how they were selected,

Question 119

The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence ___________,

Answer 119

The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered,

Question 120

The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the _________ gathered, and the conclusions drawn. ```

Answer 120

The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Question 121

The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions _______. ```

Answer 121

The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Question 122

The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the ___________ drawn. ```

Answer 122

The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Question 123

The auditor will ____________ the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Answer 123

The auditor will document the procedures performed and the conclusions reached ``` such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn. ```

Question 124

In addition, the auditor will develop _________________ to indicate the further audit procedures

Answer 124

In addition, the auditor will develop audit programs to indicate the further audit procedures

Question 125

In addition, the auditor will develop audit programs to indicate the ________ audit procedures

Answer 125

In addition, the auditor will develop audit programs to indicate the further audit procedures

Question 126

In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are __________ and appropriate in order to draw a conclusion related to a management assertion.

Answer 126

In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appropriate in order to draw a conclusion related to a management assertion.

Question 127

In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and ____________ in order to draw a conclusion related to a management assertion.

Answer 127

In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appropriate in order to draw a conclusion related to a management assertion.

Question 128

In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appropriate in order to draw a ___________ related to a management assertion.

Answer 128

In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appropriate in order to draw a conclusion related to a management assertion.

Question 129

In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appropriate in order to draw a conclusion related to a ___________ assertion.

Answer 129

In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appropriate in order to draw a conclusion related to a management assertion.

Question 130

In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appropriate in order to draw a conclusion related to a management __________.

Answer 130

In addition, the auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appropriate in order to draw a conclusion related to a management assertion.

Question 131

What will the auditor develop to indicate the further audit procedures?

Answer 131

What will the auditor develop to indicate the further audit procedures? Answer: Audit Programs ----------- The auditor will develop audit programs to indicate the further audit procedures that the auditor believes are necessary and appropriate in order to draw a conclusion related to a management assertion.

Question 132

Why does the auditor need to document the procedures performed and the conclusions reached?

Answer 132

Why does the auditor need to document the procedures performed and the conclusions reached? Answer: The auditor will document the procedures performed and the conclusions reached such that others will understand what procedures were performed, what items were tested and how they were selected, the evidence gathered, and the conclusions drawn.