AUDITING+ASSURANCE 12MONTH ACCESS CARD
17th Edition
ISBN: 9780135635131
Author: ARENS
Publisher: WILEY
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Question
Chapter 12, Problem 18.1MCQ
To determine
Identify the step that an auditor will take when the general IT controls weaken.
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As general IT controls weaken, the auditor is most likely to(1) reduce testing of automated application controls done by the computer.(2) increase testing of general IT controls to conclude whether they are operatingeffectively.(3) expand testing of automated application controls used to reduce control risk tocover greater portions of the fiscal year under audit.(4) ignore obtaining knowledge about the design of general IT controls and whetherthey have been implemented.
The client’s computerized exception reporting system helps audit teams conduct a moreefficient audit because ita. Condenses data significantly.b. Highlights abnormal conditions.c. Decreases the necessary level of tests of computer controls.d. Is an efficient computer input control.
As the acceptable level of detection risk increases, an auditor may:
Oa. Lower the assessed level of inherent risk.
O b. Eliminate the assessed level of control risk from consideration as a planning factor.
O c. Change the planned timing of substantive tests from year-end to interim.
Od. Increase the risk of material misstatement.
Chapter 12 Solutions
AUDITING+ASSURANCE 12MONTH ACCESS CARD
Ch. 12 - Prob. 1RQCh. 12 - Prob. 2RQCh. 12 - Prob. 3RQCh. 12 - Describe how the nature of evidence used to...Ch. 12 - Prob. 5RQCh. 12 - Prob. 6RQCh. 12 - Prob. 7RQCh. 12 - Prob. 8RQCh. 12 - Prob. 9RQCh. 12 - Prob. 10RQ
Ch. 12 - Prob. 11RQCh. 12 - Prob. 12RQCh. 12 - Prob. 13RQCh. 12 - Prob. 14RQCh. 12 - Prob. 15RQCh. 12 - Prob. 16.1MCQCh. 12 - Prob. 16.2MCQCh. 12 - Prob. 16.3MCQCh. 12 - Prob. 17.1MCQCh. 12 - Prob. 17.2MCQCh. 12 - Prob. 17.3MCQCh. 12 - Prob. 18.1MCQCh. 12 - Prob. 18.2MCQCh. 12 - Prob. 18.3MCQCh. 12 - Prob. 19.1MCQCh. 12 - Prob. 19.2MCQCh. 12 - Prob. 19.3MCQCh. 12 - Prob. 20DQPCh. 12 - Prob. 21DQPCh. 12 - Prob. 22DQPCh. 12 - Prob. 23DQPCh. 12 - Prob. 24DQPCh. 12 - Prob. 25DQPCh. 12 - Prob. 26DQPCh. 12 - Prob. 27DQPCh. 12 - A CPAs client, Boos Baumkirchner, Inc., is a...Ch. 12 - Prob. 29DQPCh. 12 - Prob. 30DQPCh. 12 - Based on a cost-benefit analysis, management at...Ch. 12 - Prob. 32DQPCh. 12 - Prob. 33DQPCh. 12 - Prob. 34DQP
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