Which of the Following Is NOT a Condition That Must

question 37

Multiple Choice

Which of the following is NOT a condition that must be met before an accountant can conduct an engagement concerning a nonpublic entity's internal control over financial reporting?

• A)Management accepts responsibility for the effectiveness of its internal control.
• B)Management has appropriately documented the internal controls.
• C)Management's evaluation of control can be supported by sufficient evidence.
• D)Management presents a written assertion about the effectiveness of its internal control.

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Definitions:

Sample Size

The number of observations or data points collected or selected from a population for the purpose of statistical analysis.

Degrees of Freedom

The number of independent pieces of information in a dataset that are available for estimating another piece of information or parameter.

Confidence Interval

A band of values, derived from the statistical examination of samples, presumed to include the value of an unascertained population parameter.

T-Distribution

A probability distribution used in statistics that is applicable when the sample size is small and the population variance is unknown.