An Assurance Report on Internal Control Structures Is Least Likely

question 35

Multiple Choice

An assurance report on internal control structures is least likely to be issued as a result of a:

• A)review of the annual financial report of a large company.
• B)performance audit of a government agency.
• C)special study of related party transactions.
• D)special study of a proposed system involving the internal control structure.

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Definitions:

Safety

The condition of being protected from or unlikely to cause danger, risk, or injury.

Cultural

Pertaining to the ideas, customs, and social behavior of a society, group, or community.

Socioeconomic

Relating to or concerned with the interaction of social and economic factors.

Authoritative Parenting

A parenting style characterized by high expectations accompanied by strong support and emotional warmth.