When Undertaking Tests of Controls Which Are Related to Controls

question 55

Multiple Choice

When undertaking tests of controls which are related to controls built around a major transaction flow, which assertion would be of least interest to the auditor?

• A)Occurrence.
• B)Accuracy.
• C)Cut-off.
• D)Valuation and allocation.

---

Definitions:

Properties

Characteristics or qualities that something possesses, such as physical, chemical, or biological traits.

Positive Charge

A type of electric charge carried by protons and indicative of a deficiency of electrons.

Proton

A subatomic particle found in the nucleus of an atom, carrying a positive electrical charge.

Atom

The smallest part of an element that contains all the properties of that element.