A Service Auditor's Report on a Service Center Should Include

question 15

Multiple Choice

A service auditor's report on a service center should include a(n)

• A)Detailed description of the service center's internal control.
• B)Statement that the user of the report may assess control risk at the minimum level.
• C)Indication that no assurance is provided.
• D)Opinion on the operating effectiveness of the service center's internal control.

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Definitions:

Private Investment

Expenditure on capital by private sector firms or individuals, not including governmental spending.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured by the rise in GDP.

Government Borrowing

The process by which a government obtains funds from the private sector or other countries, typically through issuing securities.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage.