In Gaining the Understanding of a Business Process,the Auditor Will

question 38

Multiple Choice

In gaining the understanding of a business process,the auditor will be concerned with: (i) how data is handled (ii) the steps that are followed (iii) the internal controls that are built into the process (iv) the potential for errors to occur that could result in the financial statements being materially misstated.

• A)only (i)(ii)
• B)only (ii)(iii)
• C)only (i)(ii)(iv)
• D)(i)(ii)(iii)(iv)