When Performing Tests of Controls, the Auditor Is Making _______

question 98

Multiple Choice

When performing tests of controls, the auditor is making _______.

• A)a "yes or no" decision with respect to effectiveness
• B)multiple decisions
• C)sure that all controls are working perfectly, with no errors, material or immaterial
• D)certain that he or she will ultimately be in a position to render absolute assurance on the financial statements and internal control

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Definitions:

Percentage

A portion or share expressed as a fraction of 100.

Net Amount

The final amount remaining after all deductions, like taxes and fees, have been subtracted from the gross amount.

Collect Like Terms

A mathematical process to simplify algebraic expressions by combining constants and variables that are the same.

Operation Indicated

A term referring to the specific process or calculation suggested by the context, often mathematical or procedural.