Internal Control Risk Assertions Are Made for Internal Controls as a Whole

question 1

True/False

Internal control risk assertions are made for internal controls as a whole, not for individual assertions.

---

Definitions:

Intuitionist Theory

A philosophical theory suggesting that moral judgments are made based on intuition or innate feelings rather than conscious reasoning.

Self-interest

The motivation to pursue one's own welfare or benefit.

Preconventional Morality

The first level in Kohlberg’s theory of moral development, where moral reasoning is based primarily on external consequences and rewards.

Conventional Morality

A stage in moral development where individuals make moral decisions based on societal rules and laws.