When Obtaining an Understanding of Internal Controls,what Is the Independent

question 13

Multiple Choice

When obtaining an understanding of internal controls,what is the independent external auditor primary concerned with?

• A)Detecting all errors.
• B)Determining the effectiveness of operations.
• C)Determining whether the internal controls can be relied upon.
• D)Determining whether the controls promote efficiency.

---

Definitions:

Economic Inequality

A measure of the unequal distribution of wealth, income, and opportunity among individuals or groups within a society.

Government Intervention

The involvement of a government in the market, economy, social issues, or personal affairs, through regulations, policies, or direct actions to influence outcomes.

Abolish Slavery

The act of legally ending the practice of slavery, making it illegal to own, buy, or sell human beings as property.

Mass Spectacle

Large-scale events or performances intended for entertainment and viewed by a large audience, often emphasizing grandeur and excitement.