In Assessing Control Risk, the Auditor Is Basically Concerned That

question 7

Multiple Choice

In assessing control risk, the auditor is basically concerned that the system provides reasonable assurance that:

• A)controls have not been circumvented by collusion.
• B)misstatements have been prevented or detected.
• C)operational efficiency has been achieved in accordance with management plans.
• D)management cannot override the system.

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Definitions:

Behavioral Nature

focuses on the innate and learned aspects of an individual's behavior, considering how both genetics and environment contribute to actions and reactions.

Prejudice

The negative (or positive) evaluations or judgments of members of a group that are based primarily on group membership.

Discrimination

The negative (or sometimes positive) actions taken toward members of a particular group because of their membership in the group.

Stereotyping

Forming oversimplified and generalized views about groups of people based on certain traits or characteristics.