SIDE 1 financial of expresits evidence on internal controls for which respective
ID: 2578429 • Letter: S
Question
SIDE 1 financial of expresits evidence on internal controls for which respective time periods for the Control Estatement peri and for testing Control Effectiveness Financial Statement 19. An aud purposes of expressing an opinion on co a. As of year end As of year end b. As of year end Throughout the year c. Throughout the year As of year end d. Throughout the year Throughout the year ANSWER 20. Which of the following would not be a factor in whether a control weakness wou considered to be a material weakness as opposed to a significant deficiency? a·The materiality of the related balance. b. The volume of transactions affected. c. The subjectivity of the account balance. d. The nature of the client's industry ANSWER 21. Which of the following statements is correct concerning the auditor's o control effectiveness? pinion on internal The report describes any material weaknesses and discusses actions taken by b. The report does not discuss whether the control weaknesses were first identified by c. The report does not recognize the integrated nature of the audit and the affeet of the d. The report identifies management's actions to remedy the prior year's control management to remediate the problems. management or the auditor. material weakness on the planning of the financial statement audit. weaknesses. ANSWERExplanation / Answer
21. (A)The report describes any material weaknesses and discusses action taken by the management to remediate the problems.
20.(d) The Nature of the Client industry.
19. (C) Throughout the year , as of year end.
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