Efficient planning of evaluation of internal control

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Reference no: EM13793280

Concept Check

1. Efficient planning of the evaluation of internal control requires ____________ the financial statement audit.

A. coordination with select outsourcing Duplicating Ignoring replacing (Select One)

2. Evidence as to the design of internal control and its operating effectiveness should be considered ____________ the date specified in the assessment.

as of select before near after close to (Select One)

3. Management's evaluation process of internal control ____________ with the management report on internal control—the first step of the audit process.

begins select stalls concludes starts occurs (Select One)

4. Auditors should use a ______ approach to assess controls.

top-down select bottom-up middle negative medium (select one)

5. The ______ committee is especially important as it exercises oversight responsibility over the financial statements.

audit investment human resource social benefit (select one)

Reference no: EM13793280

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