External Audit what is the control checks ?

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Accepted Answer

External audit control checks are procedures implemented by external auditors to ensure accuracy and reliability of financial statements.

External auditors review internal controls to assess their effectiveness in preventing and detecting errors or fraud.
They perform tests of transactions and account balances to verify the accuracy of financial information.
Auditors also evaluate management's estimates and judgments to ensure they are reasonable and consistent with accounting standards.
Control checks may include physical inspections of assets, confirmation of balances with third parties, and analytical procedures.
Examples of control checks include reviewing bank reconciliations, testing inventory counts, and confirming accounts receivable balances.

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