Which of the Following Is Not an Element of Management's

question 19

Multiple Choice

Which of the following is not an element of management's assessment process for the effectiveness of internal control?

• A) Evaluating the likelihood that failure of a control could result in a misstatement.
• B) Determining the locations and business units to include in the evaluation.
• C) Determining significant deficiencies and material weaknesses in controls.
• D) Obtaining the auditor's assessment of the internal control effectiveness.

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Definitions:

Proactive Interference

The phenomenon where older memories interfere with the recall of newer memories.

Encoding Failure

A situation where information does not get stored in long-term memory due to insufficient encoding during the learning phase.

Source Amnesia

A memory disorder where one can recall certain information but is unable to remember where, when, or how they learned that information.

Working Memory

The part of short-term memory that is concerned with immediate conscious perceptual and linguistic processing.