Evaluation of the internal accounting control system

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Reference no: EM132289

Question:

An auditor evaluation and study of the internal accounting control system made in connection with an annual audit is generally not sufficient to show an opinion on an entity system because?

a. The computation of weaknesses is subjective enough that an auditor could not express an opinion on the internal accounting controls alone

b. The audit cost benefit relationship permits an auditor to show only reasonable assurance that the system operates as designed.

c. Management can change the internal accounting controls to correct weaknesses.

d. Only those controls on which an auditor intends to rely are reviewed, tested and computed.

Reference no: EM132289

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