The Auditor's Understanding of the Client's Internal Control Is Documented

question 70

Multiple Choice

The auditor's understanding of the client's internal control is documented to substantiate:

• A)conformity of the accounting records with the accounting standards.
• B)representation as to adherence to requirements of management.
• C)compliance with the auditing standards.
• D)the fairness of the financial report presentation.

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Definitions:

Working Self-Concept

Refers to the aspect of an individual’s self-concept that is presently active in thought and influences behaviors and attitudes in specific situations.

Self-Schema

A cognitive representation of oneself that organizes and guides the processing of self-related information.

Self-Compassion

refers to the practice of being kind and understanding toward oneself in instances of pain or failure, rather than being harshly self-critical.

Self-Serving Bias

The tendency for people to take personal credit for success but blame failure on external factors.