Which of the Following Is Not a Relevant Aspect of Internal

question 51

Multiple Choice

Which of the following is not a relevant aspect of internal controls over estimates?

• A)External auditor involvement in developing assumptions
• B)Adequate review by appropriate levels of authority
• C)Comparison of prior estimates with subsequent results
• D)All the above are relevant aspects of internal controls over estimates.

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Definitions:

Judicial Review

The principle that allows courts, especially the Supreme Court, to review and possibly invalidate legislation and government actions deemed inconsistent with the constitution.

John Marshall

Was the fourth Chief Justice of the United States (1801–1835), known for his role in establishing the judiciary as a coequal branch of government.

Pennsylvania Abolition Society

is an historic organization founded in 1775, dedicated to promoting the abolition of slavery and assisting freed slaves in the United States.

Slavery

A regime where people are the property of others, lacking in personal autonomy, and compelled to work or provide services for free.