Factor in control environment

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Reference no: EM133308207

1. Which of the following is a factor in the control environment?

Management's philosophy and operating style

Segregation of duties

Performance reviews

Information processing

2. As a result of analytical procedures, the independent auditor determines that the gross profit has declined from 30% in the preceding year to 20% in the current year. The auditor should

document management's intentions with respect to plans for reversing this trend.

evaluate management's performance in causing this decline.

consider the possibility of an error in the financial statements.

require footnote disclosure.

Reference no: EM133308207

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