What Is the Purpose of an Auditor Reporting on the Effectiveness

question 28

Multiple Choice

What is the purpose of an auditor reporting on the effectiveness of internal control over financial reporting?

• A)To attest to the effectiveness and efficiency of internal controls at an organization.
• B)To state an opinion on management's assessment of the effectiveness of internal controls.
• C)To provide an alternative to the operational audits conducted by internal auditors.
• D)To state that the controls are in conformity with standards with respect to internal controls.

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Definitions:

Paralegal

A person trained in subsidiary legal matters but not fully qualified as a lawyer, assisting lawyers in their work.

Trial Notebook

Traditionally, a binder that contains copies of all the documents and information that an attorney will need to have at hand during the trial.

Relevant Cases

Legal cases that are pertinent to the matter at hand, providing precedent or legal principles that can influence or determine the outcome of a similar case.

Exhibits

Documents, materials, or objects presented during a court case or legal proceeding as evidence.