Which of the Following Would NOT Be Included in a Test

question 42

Multiple Choice

Which of the following would NOT be included in a test of a control working paper?

• A) the purpose of the test
• B) a conclusion about whether the account balance is materially misstated
• C) the work performed
• D) the findings/results of the testing

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Definitions:

Regulated Industries

Sectors of the economy that are subject to governmental controls and regulations, often to protect public interest.

Decreased Prices

A situation where the cost of goods or services is reduced from a previous level.

Deregulation

Cutting back or doing away with state authority in a certain field, often to foster greater competition in that field.

Automotive

Refers to the design, development, manufacturing, marketing, and selling of motor vehicles.