Question 48 An auditor may decide not to perform tests of controls related to the control procedures within the client's information systems. Which of the following would not be a valid reason for choosing to omit tests of controls? Group of answer choices The controls duplicate operative controls existing elsewhere in the structure. There appear to be major weaknesses that would preclude the control from preventing errors and irregularities. The time and dollar costs of testing exceed the time and dollar savings in substantive testing if the tests show the controls to be effective. The controls appear adequate.
Question 48 An auditor may decide not to perform tests of controls related to the control procedures within the client's information systems. Which of the following would not be a valid reason for choosing to omit tests of controls? Group of answer choices The controls duplicate operative controls existing elsewhere in the structure. There appear to be major weaknesses that would preclude the control from preventing errors and irregularities. The time and dollar costs of testing exceed the time and dollar savings in substantive testing if the tests show the controls to be effective. The controls appear adequate.
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
Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process
Section: Chapter Questions
Problem 39CYBK
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Question 48
An auditor may decide not to perform tests of controls related to the control procedures within the client's information systems. Which of the following would not be a valid reason for choosing to omit tests of controls?
Group of answer choices
The controls duplicate operative controls existing elsewhere in the structure.
There appear to be major weaknesses that would preclude the control from preventing errors and irregularities.
The time and dollar costs of testing exceed the time and dollar savings in substantive testing if the tests show the controls to be effective.
The controls appear adequate.
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