The Auditor's Primary Purpose in Auditing the Client's System of Internal

question 61

Multiple Choice

The auditor's primary purpose in auditing the client's system of internal control over financial reporting is

• A) to prevent fraudulent financial statements from being issued to the public.
• B) to evaluate the effectiveness of the company's internal controls over all relevant assertions in the financial statements.
• C) to report to management that the internal controls are effective in preventing misstatements from appearing on the financial statements.
• D) to efficiently conduct the Audit of Financial Statements.

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Definitions:

Heterosexual

Pertaining to a sexual orientation characterized by a romantic or sexual attraction to individuals of the opposite sex.

Transgender Status

The state or condition of identifying with a gender that does not correspond to one's assigned sex at birth.

Born

The act or process of being given birth to, indicating the commencement of life.

Intersex

A general term used for a variety of conditions in which a person is born with reproductive or sexual anatomy that doesn't fit typical definitions of female or male.