In Obtaining an Understanding of the Internal Control Policies and Procedures

question 41

Multiple Choice

In obtaining an understanding of the internal control policies and procedures that are relevant to audit planning, the auditor should perform procedures to provide sufficient knowledge of:

• A)design of the relevant policies, procedures and records and their operating effectiveness.
• B)design of the relevant policies, procedures and records and their relationships to assertions.
• C)the complexity of the entity and the sophistication of its systems and operations.
• D)design of the relevant policies, procedures and records and whether they have been placed in operation.

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Definitions:

Freud's View

Sigmund Freud's perspective, particularly within psychoanalytic theory, emphasizing unconscious motives, conflicts, and childhood experiences in influencing behavior and mental processes.

Guilt

A sense of accountability or regret for any misdeed, criminal act, or wrongdoing, actual or perceived.

Anger

A strong feeling of annoyance, displeasure, or hostility usually triggered by perceived wrong or injustice.

Ego Ideal

Part of the psychoanalytic theory of the mind representing an individual's ideal self and the standards by which they measure their conduct.