... 1. A Type ___ report assesses the controls and their suitability. 2. A Type
ID: 336793 • Letter: #
Question
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1. A Type ___ report assesses the controls and their suitability. 2. A Type ___ report assesses the controls, their suitability, and effectiveness. 3. ______ auditors are the auditors of a service organization. 4. There are _____ types of reports that auditors of service organizations (service auditors) can provide. 5. Type 2 reports address operating _______; Type 1 do not. Use your cursor to match each example to the type of control it describes Segregation of duties Preventive Control Maintaining backups of data Detective Control A requirement to prepare bank reconciliations Corrective ControlExplanation / Answer
1) A Type 1 report assesses the controls and their suitability.
2) A Type 2 report assesses the controls, their suitability, and effectiveness.
3) Service auditors are the auditors of a service organization.
4) There are two types of reports that auditors of service organizations (service auditors) can provide.
5) Type 2 reports address operating effectiveness; Type 1 do not.
Match the column
Preventive control are the proactive measures that a company takes in order to prevent undesirable events from happening with the intent of preventing a loss.
Detective control do not prevent a loss from occurring but instead provide evidence of a loss that has occurred.
Corrective control helps in correcting previously identified incorrect actions and recovering from a loss.
1) Preventive control — Segregation of duties
2) Detective control — A requirement to prepare bank reconciliations
3) Corrective control — Maintaining backups of data
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