After Considering the Client's Internal Control the Auditors Have Concluded

question 66

Multiple Choice

After considering the client's internal control the auditors have concluded that it is well designed and is functioning as anticipated.Under these circumstances the auditors would most likely:

• A)Cease to perform further substantive procedures.
• B)Reduce substantive procedures in areas where the internal control was found to be effective.
• C)Increase the extent of anticipated analytical procedures.
• D)Perform all tests of controls to the extent outlined in the preplanned audit program.

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Definitions:

Group Payout

Refers to a system of compensation based on the performance of a group or team, rather than individual performance alone.

Family-Friendly Benefits

Work benefits designed to support employees' needs regarding their family responsibilities, such as flexible working hours and parental leave.

Part-Time Employment Options

Part-time employment options refer to employment setups that require workers to work fewer hours than full-time positions, often offering flexible working hours.

Counselling

A professional service offering guidance and assistance to individuals in resolving personal, social, or psychological challenges.