After the Auditor Has Identified the Key Internal Controls and Weaknesses

question 100

Multiple Choice

After the auditor has identified the key internal controls and weaknesses and assessed control risk,it is appropriate to decide whether

• A)substantive tests will be increased sufficiently to justify the cost of performing tests of controls.
• B)substantive tests will be reduced sufficiently to justify the cost of performing tests of controls.
• C)tests of controls will be increased sufficiently to justify the cost of performing substantive tests.
• D)tests of controls will be reduced sufficiently to justify the cost of performing substantive tests.

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Definitions:

Conditional Positive Regard

Conditional positive regard is when acceptance and love are contingent upon behaving in a certain way or meeting particular standards, often discussed in psychology.

Role Model

A person to whom an individual can look to for guidance by example, but who isn’t necessarily actively interacting with the individual.

Procrastinating

The action of delaying or postponing tasks despite knowing there will be negative consequences for doing so.

Self-concept

An individual's perception of their own identity and personal attributes, including beliefs, feelings, and thoughts about oneself.