When Considering Internal Control, an Auditor Should Be Aware of Reasonable

question 8

Short Answer

When considering internal control, an auditor should be aware of reasonable assurance, which recognizes that
A. Internal control may be ineffective due to mistakes in judgment and personal carelessness.
B. Adequate safeguards over access to assets and records should permit an entity to maintain proper accountability.
C. Establishing and maintaining internal control is an important responsibility of management.
D. The cost of an entity's internal control should not exceed the benefits expected to be derived.

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Definitions:

Sexual Assault

Any unwanted sexual act or activity committed by one person against another without consent.

Spousal Violence

Acts of violence committed by one spouse against the other, encompassing physical, sexual, emotional, and psychological abuse.

Social Problems

Societal issues that affect a significant number of people and may require intervention through public or policy action.

Heteronormativity

A world view promoting that heterosexuality is the preferred or normal mode of sexual orientation, often marginalizing or invalidating queer identities and relationships.