Which of the Following Conditions Is Necessary for a Practitioner

question 585

Multiple Choice

Which of the following conditions is necessary for a practitioner to accept an attest engagement to examine and report on a nonissuer's internal control over financial reporting?

• A) The practitioner anticipates relying on the entity's internal control in a financial statement audit.
• B) Management presents its written assertion about the effectiveness of internal control.
• C) The practitioner is a continuing auditor who previously has audited the entity's financial statements.
• D) Management agrees not to present the practitioner's report in a general-use document to stockholders.

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Definitions:

COBRA Insurance Benefits

A U.S. federal law provision that allows individuals to continue their employer-sponsored health insurance coverage after leaving their job under certain conditions.

Premiums

The payment or series of payments made by a policyholder to an insurance company in exchange for coverage.

Administration Fee

A charge paid to cover the administrative costs of processing or servicing a transaction, policy, or account.

United Kingdom

A sovereign country located off the northwestern coast of mainland Europe, comprising England, Scotland, Wales, and Northern Ireland.