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Hi Dear Tutor, I have some questions.
When I see past paper questions besides 2020 ones, the exam questions were based on “deficiencies, consequences(implications or explanations) and recommendations(control procedures)” but in2020 exam questions I see” key control and recommendation”.my question is that has the examiner replaced “deficiencies and consequences” with the “key control”?
thanks in advance
In short NO – there are two types of Q:
1. Find the weakness (“deficiencies”) -> Recommend to management how to overcome them
2. Find the strengths (“key controls”) -> What tests of control will show they are operating effectivelyThe distinction is of fundamental importance
– in 1. you are recommending what controls they i.e. MANAGAMENT should be implementing
– in 2. a test of control provides AUDIT EVIDENCE
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