The Effect of ITF Transactions Should Be Removed

question 34

Multiple Choice

The effect of ITF transactions should be removed:

• A) after the conclusion of the audit.
• B) on a surprise basis.
• C) by inputting adjustment transactions.
• D) by the internal audit group.

---

Definitions:

Saudi Arabia

A country in the Middle East, known for its vast oil reserves and as the birthplace of Islam, being home to the religion's two holiest cities, Mecca and Medina.

Small Business Health Options Program

A component of the health insurance marketplace that allows small businesses to provide health coverage options to their employees.

Health-Care Tax Credit

a government incentive designed to make health insurance more affordable for individuals and families by reducing their taxes.

Business-Expense Tax Deduction

A reduction in taxable income for businesses, for costs that are considered necessary and ordinary in running the business.