The Auditor Need NOT Be Concerned with All Three Areas

question 83

Multiple Choice

The auditor need NOT be concerned with all three areas of internal control that apply to management. The auditor's primary concerns are with the system's ability to:

• A) ensure reliability of financial reporting.
• B) provide reliable data and promote efficiency.
• C) promote efficiency and encourage adherence to policy.
• D) provide reliable data, safeguard assets and comply with the Corporations Act.

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Definitions:

Alternating Motion

Movement that occurs in a back-and-forth manner, typically referring to parts of machinery or the human body.

Tuning Fork

A metal instrument that vibrates at a fixed pitch when struck, used to test hearing acuity, bone vibration, and for tuning musical instruments.

Nerve Conduction

A medical diagnostic test that measures how quickly electrical impulses move through your peripheral nerves, often used to diagnose nerve damage or dysfunction.

Spirometer

A medical instrument used to measure the volume of air inhaled and exhaled by the lungs.