If the Auditor Determines That an Effective Compensating Control Does

question 76

Multiple Choice

If the auditor determines that an effective compensating control does not exist, or tests of controls show that the compensating control is not functioning as designed, _______.

• A)the auditor revises the overall audit risk assessment for the related account and assertion, and the planned audit strategy
• B)the auditor makes no changes to the overall audit risk assessment for the related account and assertion, and the planned audit strategy
• C)the auditor concludes that internal control is weak, and issues an appropriate opinion
• D)the auditor would lower inherent risk surrounding the engagement as a whole

Recognize the procedures for adjusting report layouts to avoid blank pages.

Grasp how pagination and section control properties affect report structure.

Differentiate between control types and their specific uses in forms and reports.

Learn the method for adding and formatting date and numerical data in reports.

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Definitions:

Gender Norms

Societal expectations and behaviors considered appropriate for individuals based on their perceived sex, influencing roles, actions, and self-perceptions.

Benevolent Sexism

A form of sexism that is couched in terms of positive attitudes and actions that ostensibly promote women's well-being but in fact support traditional gender roles and perpetuate gender inequalities.

Hostile Sexism

Antagonistic attitudes towards women, often characterized by an open dislike or prejudice.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.