control testing

What Are Key Controls In Audit?

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What Are Key Controls In Audit? key control is to refer to the level of risk being addressed. … By understanding the risks affecting the financial reporting process, audit teams can prioritize true key controls. Audit teams should perform regular control rationalization procedures to identify redundant controls that mitigate the same risk. What are the

What Is The Purpose Of Tests Of Control?

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What Is The Purpose Of Tests Of Control? Tests of Controls in an Audit of Internal Control. The objective of the tests of controls in an audit of internal control over financial reporting is to obtain evidence about the effectiveness of controls to support the auditor’s opinion on the company’s internal control over financial reporting.