For a Practitioner to Examine Management's Assertions About the Effectiveness

question 72

Multiple Choice

For a practitioner to examine management's assertions about the effectiveness of internal controls,all of the following conditions are necessary except:

• A) Sufficient competent evidence can be developed to support the evaluation.
• B) The practitioner must have already concluded that the financial statements are fairly presented in accordance with the applicable accounting framework.
• C) The entity's management accepts responsibility for the effectiveness of its internal control.
• D) All of the conditions above are necessary.

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Definitions:

Emotions

Emotions are complex psychological states involving an individual's subjective experience, physiological response, and behavioral or expressive reaction.

Proximity

The physical closeness between people or things, influencing interactions and relationships.

Personal Nonverbal Cues

Involves the communication signals we send to others without using words, such as facial expressions, body language, and gestures.

PERCEIVE Framework

A strategic tool aimed at enabling better insight and action planning across various operational or project areas, enhancing understanding and performance.