Based on a Study and Evaluation Completed at an Interim

question 56

Multiple Choice

Based on a study and evaluation completed at an interim date, the auditor concludes that no significant internal control weaknesses exist. The records and procedures would most likely be tested again at year-end if:

• A)compliance tests were not performed by the internal audit staff during the remaining period.
• B)the internal control system provides a basis for reliance in reducing the extent of substantive procedures.
• C)the auditor used nonstatistical sampling during interim compliance testing.
• D)inquiries and observations lead the auditor to believe that conditions within the internal control system have changed.

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Definitions:

Assisting Provider

A healthcare professional who supports a primary provider in the delivery of care to patients.

Administrative Skills

Skills that help to manage the business affairs of a medical practice and include two categories—administrative procedures and practice finances.

Patient Medical Records

Documents that contain the detailed history, diagnoses, treatment plans, and progress of an individual's health care.

Practice Finances

Concerns the management of financial operations, budgeting, and economic planning in a medical or dental practice.