Which One of the Following Has the Most Affect on the Reliability

question 94

Multiple Choice

Which one of the following has the most affect on the reliability of financial statements?

• A) The size of the client
• B) The industry of the client
• C) The client's internal control structure.
• D) The client's trend of earnings.

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Definitions:

Negotiable Instrument

A formal document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee's name either mentioned or left blank.

Uniform Commercial Code

A complete collection of regulations that oversee every business transaction within the United States.

Electronic Banking

The conduct of banking activities through electronic means, including online banking, ATMs, and electronic payments.

Drawer

In the context of banking and finance, the person who writes or issues a check or draft instructing the drawee to pay someone else.