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Disadvantages
The following table defines these types of tests which might be applied to validate
process measures and controls and provides some of the advantages and
disadvantages of each approach:
-1–
Test Description Advantages Disadvantages
-2–
Test Description Advantages Disadvantages
-3–
Test Description Advantages Disadvantages
An example may be
obtaining
representations from an
insurance agent that
they had complied with
certain agent policy
conditions, or obtaining a
representation from
management regarding
their opinion of controls
over the audit area.
-4–
Test Description Advantages Disadvantages
-5–
accounts payable
function for excessive
authorization controls.
-6–
-7–
Test Description Advantages Disadvantages
-8–
Test Description Advantages Disadvantages
-9–