Week 5 - Which Controls Should we Test Flashcards
(3 cards)
1
Q
Which controls we test depends on (first three things)
A
- size, nature and complexity of business
- risks identified
- legal/regulatory framework
2
Q
Which controls we test depends on (other two things)
A
- financial and management systems
- the materiality determined by the auditor
3
Q
To test for compliance
A
Are controls being applied as documented?
