Which of the Following Does an Auditor Consider When Gaining

question 105

Multiple Choice

Which of the following does an auditor consider when gaining an overall understanding of the client's internal controls?

• A)Entity-wide controls at the account level only.
• B)Transaction controls at the account level only.
• C)Entity-wide controls at the assertion level only.
• D)Both entity-wide controls and transaction controls at the account and assertion levels.

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Definitions:

Parking

The act of stopping and leaving a vehicle in a designated place for a duration of time.

Crime Rate

The frequency or number of crimes occurring in a particular area over a specific period, often used as an indicator of safety and security.

Handmade Wooden Crafts

Creative and artistic items made from wood through manual skills, ranging from decorations, furniture, to utensils, emphasizing craftsmanship.

Artisans

Skilled craft workers who make or create things by hand that may be functional or strictly decorative, such as furniture, decorative arts, sculptures, clothing, jewelry, food items, and household items.