The Auditor's Consideration of a Private Company's Internal Control Is

question 89

Multiple Choice

The auditor's consideration of a private company's internal control is:

• A)required by GAAP.
• B)required by GAAS.
• C)required by the IRS.
• D)recommended by the SEC.

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Definitions:

Handicapped

A term traditionally used to describe a person having a physical or mental condition that limits movements, senses, or activities, though “disabled” is now more commonly used to avoid offensive connotations.

Referring To People

The act or process of mentioning or alluding to individuals in speech or writing.

Pay-Per-Service

A pricing model where customers pay for each individual service they receive rather than a subscription or a bundled package.

Universal

A term or concept that is applicable everywhere or in all cases; general applicability or ubiquity.