Reasonable Assurance Allows for

question 104

Multiple Choice

Reasonable assurance allows for

• A) low likelihood that material misstatements will not be prevented or detected by internal controls.
• B) no likelihood that material misstatements will not be prevented or detected by internal control.
• C) moderate likelihood that material misstatements will not be prevented or detected by internal control.
• D) high likelihood that material misstatements will not be prevented or detected by internal control.

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Definitions:

Mood

A temporary emotional state or atmosphere that can influence an individual's outlook and behavior.

Antisocial

Exhibiting behaviors that are detrimental to or devoid of consideration for the well-being of others; often misanthropic or harmful.

Anger

A feeling that can range from slight annoyance to severe anger and wrath, usually sparked by perceived injustices or offenses.

Implicit Attitude

An unconscious and automatic association or evaluation regarding a person, object, or concept.