A Primary Objective of Procedures Performed to Obtain an Understanding

question 58

Multiple Choice

A primary objective of procedures performed to obtain an understanding of internal control is to provide an auditor with ________.

• A)Knowledge necessary to assess the risks of material misstatements.
• B)Evidence to use to assess inherent risk.
• C)A basis for modifying tests of controls.
• D)An evaluation of the consistency of application of management's policies.

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Definitions:

Complement

A system of small proteins found in the blood that assists the immune system in destroying pathogens.

Community Immunity

Also known as herd immunity, it is the resistance to the spread of a contagious disease within a population that results if a sufficiently high proportion of individuals are immune to the disease, especially through vaccination.

Type A Blood

A blood group within the ABO system characterized by the presence of A antigens and anti-B antibodies in the plasma.

Antibodies

Antibodies are protein molecules produced by the immune system in response to foreign substances, helping to fight off infections.