In the Context of an Audit of Internal Controls, the Auditor

question 10

Multiple Choice

In the context of an audit of internal controls, the auditor must document all of the following except:

• A)the extent to which he or she relied upon work performed by others.
• B)the auditor's understanding and evaluation of the design of each of the components of the entity's internal control over financial reporting.
• C)transcripts of the auditor's discussion with management concerning the points at which misstatements could occur.
• D)the evaluation of any deficiencies discovered that could result in a modification of the auditor's report.

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Definitions:

Labor Unions

Organizations that represent workers in negotiations with employers over wages, working conditions, and benefits.

Members

Individuals or entities that are part of a group, organization, or society, typically with certain rights or obligations.

AFL

The American Federation of Labor is a nationwide coalition of labor unions within the United States.

CIO

Congress of Industrial Organizations, historically a federation of labor unions in the United States.