SAS 99 Charges the Auditor with the Responsibility

question 19

Multiple Choice

SAS 99 charges the auditor with the responsibility:

• A) For implementing internal controls after their audit.
• B) To asses and document managements overly strict internal controls.
• C) To assess and document managements overriding of internal controls.
• D) .Both A and B

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Definitions:

Arbitration

A form of dispute resolution where a neutral third party hears both sides' arguments and makes a binding decision to resolve the conflict.

Mediators

Neutral third parties who assist in negotiations and conflict resolution by facilitating dialogue between disputing parties.

Negotiations

The art or act of discussing points of difference to reach an agreement, often seen in contexts like business, labor, and diplomacy.

Fact-finder

An impartial party, often appointed by a court or involved in a dispute resolution process, tasked with investigating disputed facts and reporting findings.