Internal Controls & Compliance Testing Flashcards
(3 cards)
1
Q
what are the 4 key types of control activities?
A
authorisation, segregation of duties, physical controls, performance reviews
2
Q
when do you test controls
A
when control risk is assessed as < high and auditor intends to rely on controls
3
Q
what is an example of a test of control
A
re=performance of the matching of sales orders and shipping documents
