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Which of the following is the best practice to assess if operational controls are being properly applied to transaction processing?
Inspection of relevant documentation.
Control design testing.
Distribution of a questionnaire.
Substantive testing.
A. Testing of control design assesses whether the control is structured to meet a specific control objective. It does not help determine whether the control is operating effectively. B. Among other methods, such as document review or walk-through, tests of controls are the most effective procedure to assess whether controls accurately support operational effectiveness. C. Control documents may not always describe the actual status in an accurate manner. Therefore, auditors relying on document review have limited assurance that the control is operating as intended. D. A questionnaire may be used at the initial stage of control analysis to give auditors a broad understanding of the overall control environment.
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