When Identifying Audit Objectives and Existing Controls

question 59

Multiple Choice

When identifying audit objectives and existing controls,

• A) audit objectives are identified for classes of transactions, account balances, and presentation and disclosure.
• B) the auditor identifies controls to satisfy each objective.
• C) it is helpful for the auditor to use the five control activities as reminders of controls.
• D) all of the above.

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Definitions:

Repressed Memories

Memories that have been unconsciously blocked due to the memory being associated with a high level of stress or trauma.

Mnemonics

Memory aids or techniques that use associations, patterns, or abbreviations to help recall information more easily.

Misleading Questions

Questions that suggest a particular answer or contain assumptions that can distort the respondent's true response.

Inaccurate Memories

Recollections of past events that are either distorted or entirely fabricated.