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eFishie eFishie
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6 years ago
When a compensating control exists, a weakness in the system
A) is no longer a concern because the potential for misstatement has been sufficiently reduced.
B) is reduced but not removed; therefore, it is still of concern to the auditor.
C) could cause a material loss, so it must be tested using substantive procedures.
D) is magnified and must be removed from the sampling process and examined in its entirety.
Textbook 
Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
Authors:
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charleshardtcharleshardt
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6 years ago
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eFishie Author
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#2
6 years ago
Thank you!
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