Tests of Controls Are Performed to Determine Whether or Not

question 47

Multiple Choice

Tests of controls are performed to determine whether or not:

• A) control policies and procedures are functioning as designed.
• B) necessary controls are absent.
• C) incompatible functions exist.
• D) material dollar misstatements exist.

---

Definitions:

Business Plan

A document that outlines a company's goals, strategies, market analysis, financial projections, and operational structures.

Market Description

An overview or analysis of a specific market, including size, growth, trends, and demographics.

Change Management

The approach to transitioning individuals, teams, and organizations to a desired future state, managing the human aspects of change to achieve successful outcomes.

Refining Strategy

The process of adjusting and improving a strategy to ensure it is more effective in achieving goals, considering new insights or changes.