To Comply with Auditing Standards,the Auditor Need Not Be Concerned

question 40

Multiple Choice

To comply with auditing standards,the auditor need not be concerned with all areas of internal control that apply to management.The auditor's primary concerns are with the system's ability to

• A)maintain reliable control systems pertaining to financial transactions.
• B)promote efficiency and encourage adherence to policy.
• C)prevent and detect financial statement fraud and error.
• D)provide reliable data and safeguard assets.

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Definitions:

Meiosis I

The first meiotic division; consists of prophase I, metaphase I, anaphase I, and telophase I; see meiosis.

Meiosis II

The second meiotic division; follows interkinesis and consists of prophase II, metaphase II, anaphase II, and telophase II; see meiosis.

Interphase

The phase of the cell cycle during which the cell prepares for division by replicating its DNA and increasing in size.

Eukaryotic Cell Cycle

The series of stages through which a cell passes leading to its division and duplication, common to organisms whose cells have a nucleus.