A Purpose of the Management Letter Is to ________

question 71

Multiple Choice

A purpose of the management letter is to ________.

• A)communicate internal control matters in writing on a timely basis with those charged with governance
• B)identify, analyze, and manage the risks that affect an entity's ability to achieve its operational effectiveness
• C)ensure that every transaction is authorized by management personnel acting within the scope of their authority
• D)control program development, program changes, and computer operations and to secure access to programs and data

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Definitions:

Proper Sequence

The correct or most effective order in which a series of events or steps should occur.

Norming Stage

The Norming Stage is a phase in team development when members resolve differences, appreciate colleagues' strengths, and respect the team's norms and values, enhancing unity.

Group Development

Group Development is a dynamic process through which a group progresses over time through distinct stages, including forming, storming, norming, performing, and adjourning.

Punctuated Equilibrium

A theory in evolutionary biology that suggests changes occur in rapid, short bursts followed by long periods of stability.