What Does Reasonable Assurance Mean in Regards to Internal Controls

question 47

Essay

What does reasonable assurance mean in regards to internal controls?

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Definitions:

Indirectly Affected

To be impacted by an action, event, or situation in a secondary or less immediate way.

Communication

The act of conveying information or expressing ideas and feelings through verbal, nonverbal, written, or visual means.

Listening

The active process of receiving, interpreting, and responding to verbal and non-verbal messages.

Personal Distance

The physical space preferred by an individual in social interactions, which can vary significantly between different cultures and personal preferences.