If the auditor tests controls only at a particular point in time, then the audit

Question

If the auditor tests controls only at a particular point in time, then the auditor only obtains evidence that the control operated effectively at that point in time. When the auditor obtains evidence about the design or operation of controls during an interim period, he or she should determine what additional evidential matter should be obtained for the remaining period. List five factors the auditor should consider when considering the evidence that needs to be obtained during the remaining period.

Explanation / Answer

(1) Performing audit procedures related to accounts, disclosures, and assertions that would not otherwise be tested based on their amount or the auditor's assessment of risk; (2) Varying the timing of the audit procedures; (3) Selecting items for testing that have lower amounts or are otherwise outside customary selection parameters; (4) Performing audit procedures on an unannounced basis; and (5) In multi-location audits, varying the location or the nature, timing, and extent of audit procedures at related locations or business units from year to year.

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.