When Considering Internal Controls, an Important Point to Consider Is

question 59

Multiple Choice

When considering internal controls, an important point to consider is that:

• A)auditors can ignore controls affecting internal management information.
• B)auditors are concerned with the client's internal controls over the safeguarding of assets if they affect the financial statements.
• C)management is responsible for understanding and testing internal control over financial reporting.
• D)companies must use the COSO framework to establish internal controls.