If Tests of Controls Reveal That Controls Are Sufficiently Effective

question 93

True/False

If tests of controls reveal that controls are sufficiently effective to justify reducing control risk, the auditor is justified in reducing substantive audit tests.

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Definitions:

Monomer Structure

The basic unit or building block that can be repeated to form polymers through chemical bonds.

Polyurethane

A polymer composed of organic units joined by carbamate (urethane) links, used in foams, elastomers, and coatings.

Monomer Units

Small molecules that can be bonded together to form polymers.

Cationic Polymerization

A type of polymerization where a cationic initiator transfers charge to a monomer causing it to become reactive and link to other monomers.