Question
Why are application controls dependent on ITGCs?
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Answer
ITGCs underpin consistent processing of automated controls.
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Question
Why might the auditor use a walkthrough when evaluating controls?
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Answer
To understand design and implementation of relevant controls.
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Question
What does the risk assessment component do in COSO?
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Answer
It identifies and analyzes risks to objectives.
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Question
What is the main limitation of controls highlighted here?
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Answer
Management override and human error.
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