Which of the Following Is a Reason Why an Auditor

question 16

Multiple Choice

Which of the following is a reason why an auditor needs an understanding of internal controls?

• A)To provide individual comments on internal control non-compliance.
• B)To become comfortable that the client will pay its audit bills.
• C)To assess materiality.
• D)To assess the risk of possible misstatements in the financial statements.

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Definitions:

Tuning Forks

Musical instruments which vibrate at a specific pitch when struck, used for tuning musical instruments or for therapeutic purposes.

O Proposition

In traditional logic, a proposition that states that some members of a category do not share a specific attribute.

Enthymeme

An enthymeme is a rhetorical syllogism commonly used in persuasive speech, where one of the premises is not explicitly stated but is implied, making the argument rely on the audience's recognition of the unstated premise.

Conclusion

The final part of something, typically a process or discussion, where the main points or decisions are summarized or determined.