Auditors Assess Internal Controls for the Purpose of ________ Planned

question 117

Multiple Choice

Auditors assess internal controls for the purpose of ________ planned audit evidence.

• A) requiring
• B) increasing
• C) estimating
• D) reducing

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Definitions:

Reduction

The act of making something smaller or less in amount, degree, or size.

Sellers

Individuals or entities that offer goods or services for sale to consumers or other businesses, participating in economic transactions.

Tax

A compulsory financial charge or some other type of levy imposed by a governmental organization on individuals or entities to fund public expenditures.

Price

The sum of money needed to buy a product, service, or property.