Which Is One Aspect of Management's Assessment of Internal Control

question 46

Multiple Choice

Which is one aspect of management's assessment of internal control over financial reporting?

• A)Have the external auditors document the internal control over financial reporting.
• B)Have the external auditors test the effectiveness the internal control over financial reporting.
• C)Evaluate the design of internal control over financial reporting.
• D)Evaluate the design of the payroll system.

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Definitions:

Hallucinations

Perceptions in a conscious and awake state in the absence of external stimuli which have qualities of real perception.

Lobotomy

A surgical operation that involves severing connections in the brain's prefrontal lobe, historically used to treat mental illness.

Schizophrenia

A serious mental disorder characterized by disturbances in thought, perception, and behavior, leading to hallucinations, delusions, and disorganized speech.

Therapeutic Community

A treatment approach where the community of residents itself, through their interactions and relationships, play a significant role in each other’s rehabilitation, often used in treating substance abuse and addiction.