An Auditor Wishes to Perform Tests of Controls on a Client's

question 75

Multiple Choice

An auditor wishes to perform tests of controls on a client's cash disbursements procedures.If the control activities leave no audit trail of documentary evidence,the auditor most likely will test the procedures by

• A) Inquiry and analytical procedures.
• B) Confirmation and observation.
• C) Observation and inquiry.
• D) Analytical procedures and confirmation.

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Definitions:

Broad View

An approach or perspective that considers a wide range of factors, implications, or possibilities.

Organization Effective

Measures the success with which an organization achieves its intended outcomes, through efficient resource utilization and strategic goal achievement.

Balanced Scorecard

A system for strategic planning and management that aligns organizational activities with its vision and strategy, enhances communication both internally and externally, and tracks the organization's performance in relation to its strategic objectives.

Departments

Divisions within an organization, each focusing on a specific area of function such as marketing, finance, or human resources.