Enquiry Involves the Auditor

question 18

Multiple Choice

Enquiry involves the auditor:

• A)the auditor observing the actual control being performed.
• B)using questioning skills to determine how the control is completed and whether it appears to have been carried out properly and on a timely basis.
• C)re-performing the control to test its effectiveness.
• D)testing the physical evidence to verify that a control has been performed properly.

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Definitions:

British Pounds

The official currency of the United Kingdom, also known as GBP or Sterling, used as a benchmark currency internationally.

Indirect Equivalent

A term referring to the conversion or comparison of something through an intermediary or secondary measure.

Euro

A common European currency adopted in January 2002 by most of the members of the European Union.

Indirect Quote

A way of quoting exchange rates in foreign exchange markets, representing the amount of foreign currency required to buy one unit of the domestic currency.