Compensating Controls

question 75

Multiple Choice

Compensating controls

• A)occur before the transaction is complete.
• B)are controls used by auditors to offset the risk in another procedure.
• C)are used because it is cost effective to implement particular control procedures.
• D)to be effective,will likely detect misstatements in a timely fashion.

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Definitions:

Technical Information

Specialized knowledge or details about products or services, often used in manuals, specifications, and customer support materials.

Customer's Questions

The inquiries made by consumers to gain more information or clarification about products or services.

Legal Action

A process of pursuing justice through the court system involving legal proceedings.

Extra Charge

A fee added on top of a standard rate or price, often for additional services, special requests, or exceeding a predetermined limit.