Keona and Mike, two audit managers assigned to the audit of Valley Enterprises are discussing...
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Keona and Mike, two audit managers assigned to the audit of Valley Enterprises are discussing which internal controls should be selected for testing based on their experience with this particular client. Which of the following choices would represent considerations for Keona and Mike with respect to internal controls? Select all that apply. To what extent should the auditors rely on the substantive testing of internal controls performed by the client's internal audit function. As it is not feasible to select all internal controls, which controls should the auditors select to be tested? How many items should be tested in conjunction with the audit of a particular internal control? As levels of control risk and audit risk vary depending on the controls, when is the best time for the auditor to test selected controls? 
Keona and Mike, two audit managers assigned to the audit of Valley Enterprises are discussing which internal controls should be
selected for testing based on their experience with this particular client. Which of the following choices would represent
considerations for Keona and Mike with respect to internal controls? Select all that apply.
To what extent should the auditors rely on the substantive testing of internal controls performed by the client's internal
audit function.
As it is not feasible to select all internal controls, which controls should the auditors select to be tested?
How many items should be tested in conjunction with the audit of a particular internal control?
As levels of control risk and audit risk vary depending on the controls, when is the best time for the auditor to test selected
controls?
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