Performance of Tests of Controls Provide Evidence in Support of the Specific

question 23

Multiple Choice

Performance of tests of controls provide evidence in support of the specific controls that contribute to the auditor's assessed control risk (where it is reduced below 100%) .Also,when dual-purpose tests are used,evidence is also obtained in support of

• A)the nature of illegal acts that occurred.
• B)the quantitative effects of fraud risks.
• C)statistical ratios to assist analytical review.
• D)monetary correctness of transactions.

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Definitions:

Constructive Feedback

Feedback given in a way that supports growth and improvement, focusing on specific actions rather than personal attributes.

Communication Openness

The willingness and capacity to share ideas, thoughts, and feelings openly in conversations, fostering an environment of transparency and trust.

Organizational Effectiveness

Measures how well an organization achieves its stated goals and objectives efficiently, maintaining high performance over time.

Performance Appraisal

A systematic evaluation process through which an employee's job performance is assessed, typically by their supervisor, against certain criteria.