The Statement of Management's Responsibility for Internal Control Indicates All

question 118

Multiple Choice

The statement of management's responsibility for internal control indicates all of the following EXCEPT:

• A)that management is responsible for establishing and maintaining an adequate system of internal control.
• B)that management has conducted an assessment of internal control over financial reporting based on the framework established by the Committee of Sponsoring Organizations of the Treadway Commission.
• C)that management states that the internal controls of the company have been audited by the company's outside auditors and refers to their report.
• D)that management states that the internal controls of the company have been designed by the company's outside auditors.

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Definitions:

Peripheral Vascular Disease

A circulatory disorder that causes reduced blood flow to the limbs due to narrowed blood vessels.

Dorsalis Pedis

An artery located on the top of the foot that supplies blood to the area, palpation of which can be important in assessing peripheral circulation.

Popliteal

Pertaining to the area behind the knee where the popliteal artery, vein, and nerves are located.

Jugular Veins

Veins that pass to the superior vena cava just above the right atrium.