In Order for an External Auditor to Complete an Audit

question 20

Multiple Choice

In order for an external auditor to complete an audit of a public company, the entity's management must comply with all of the following except:

• A)accept responsibility for the effectiveness of the entity's internal control over financial reporting.
• B)evaluate the effectiveness of the entity's internal control over financial reporting using suitable control criteria.
• C)support its evaluation with sufficient evidence, including documentation.
• D)present an oral assessment of the effectiveness of the entity's internal control over financial reporting as of the end of the entity's most recent fiscal year.

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Definitions:

Omission Training

A schedule of reinforcement in which the absence of response leads to reinforcement.

Bank Robbing

The act of illegally entering a bank with the intent to steal money or valuable securities.

Punishment

A consequence that decreases the likelihood of a behavior being repeated, often by introducing an unpleasant outcome following the behavior.

Punishing Stimulus

A stimulus that decreases the likelihood of a behavior being repeated by applying an undesirable consequence.