Management Assesses Risks as a Part of Designing and Operating

question 28

Multiple Choice

Management assesses risks as a part of designing and operating internal controls to minimize fraud and errors.Auditors assess risks to

• A)decide the evidence needed in the audit.
• B)fully implement the audit risk model.
• C)enable them to assess the completeness of internal controls.
• D)make sure that the company will continue to operate over the next year.

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Definitions:

Frederick Douglass

A former enslaved African American who became a prominent abolitionist, orator, and writer in the 19th century, advocating for the rights of African Americans.

Emigrate

The act of leaving one's country or region to settle in another.

Industrial Training

Educational and training programs focused on developing the skills and knowledge necessary for employment in industries and manufacturing.

Curriculum

The subjects comprising a course of study in a school or college.