As Part of Understanding the Internal Control,an Auditor Is Not

question 107

Multiple Choice

As part of understanding the internal control,an auditor is not required to

• A) Consider factors that affect the risk of material misstatement.
• B) Ascertain whether internal control policies and activities have been placed in operation.
• C) Identify the types of potential misstatements that can occur.
• D) Obtain knowledge about the operating effectiveness of the client's internal control activities.

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Definitions:

Design Plans

Detailed drawings or plans created to show the look and function of a project before it is built or produced.

Presentation Slides

Visual aids used in presentations to convey information, support speech, and engage the audience, typically created using software like PowerPoint.

Verifying

The process of checking or testing to confirm the accuracy or truth of something.

PowerPoint

PowerPoint is a presentation program developed by Microsoft, used to create visual aids for reports, presentations, and lectures.