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.

---

Definitions:

Glial Cells

Supportive cells in the nervous system that provide support and nutrition, maintain homeostasis, form myelin, and participate in signal transmission in the nervous system.

Somatic Nervous System

The part of the peripheral nervous system responsible for carrying sensory and motor information to and from the central nervous system.

Visual Cortex

The part of the brain responsible for processing visual information received from the eyes.

Thalamus

A brain structure that acts as a relay station for sensory and motor signals to the cerebral cortex, with the exception of olfactory signals.