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:

Physical

Referring to the bodily aspects or pertaining to the material world, often contrasted with the mental or spiritual.

Legal

Pertaining to the law or the system of rules that a particular country or community recognizes as regulating the actions of its members and may enforce by the imposition of penalties.

Social

Relating to society or its organization, or the interactions among individuals within a community.

Communal

Pertaining to or shared by members of a community or group.