Which of the Following Factors Is Most Likely to Affect

question 66

Multiple Choice

Which of the following factors is most likely to affect the extent of the documentation of the auditor's understanding of a client's system of internal controls?

• A)The industry and the business and regulatory environments in which the client operates.
• B)The degree to which information technology is used in the accounting function.
• C)The relationship between management, the board of directors, and external stakeholders.
• D)The degree to which the auditor intends to use internal audit personnel to perform substantive tests.

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Definitions:

Market Segment

A subdivision of a market into a distinct group of consumers or organizations sharing similar needs or characteristics.

Facebook

A social networking platform that allows users to connect, share content, communicate, and engage with communities online, owned by Meta Platforms, Inc.

REM Sleep

A phase of sleep characterized by rapid eye movements, during which most dreaming occurs, and is thought to play a role in learning and memory.

Normal Portion

A standard or average size or amount of a food serving or meal based on dietary guidelines or social norms.