1. Working paper documentation includes the auditors’ conclusion about ______ and the basis for their conclusion.

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
Section: Chapter Questions
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1.

1. Working paper documentation includes the auditors’ conclusion about ______ and the basis for their conclusion.

a. control risk

b. control expecations

 

2. _____ are controls that do not rely on the client's information technology (IT) environment for their operation.

a. IT general controls (ITGCs)

b. Automated controls

c. Computer application controls

d. Manual controls

 

3. Assessing control risk begins with understanding entity-level controls.

a. True

b. False

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