Steps Used in Developing an Audit Strategy for Management Assertions

question 112

Multiple Choice

Steps used in developing an audit strategy for management assertions include _______.

• A)understanding the flow of transactions in a given transaction cycle
• B)assessing whether controls exist to mitigate what can go wrong
• C)determining an audit strategy at the assertion level
• D)All of these answer choices are correct

---

Definitions:

Regular Assessments

Periodic evaluations or tests conducted to gauge the progress or performance of individuals or systems.

Twice-Exceptional

Both gifted and learning disabled.

Dyslexia

A specific learning disability characterized by difficulties with accurate and/or fluent word recognition and by poor spelling and decoding abilities.

French Horn

is a brass wind instrument with a long, coiled tube and a wide bell, known for its rich, full sound and use in both orchestral and solo settings.