In Order for an External Auditor to Complete an Audit

question 37

Multiple Choice

In order for an external auditor to complete an audit of a public company,the entity's management must comply with all of the following except:

• A) Accept responsibility for the effectiveness of the entity's internal control over financial reporting.
• B) Evaluate the effectiveness of the entity's internal control over financial reporting using suitable control criteria.
• C) Support its evaluation with sufficient evidence, including documentation.
• D) Present an oral assessment of the effectiveness of the entity's internal control over financial reporting as of the end of the entity's most recent fiscal year.

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Definitions:

Ferns

A group of non-flowering plants that reproduce via spores and have large, divided leaves known as fronds.

Flowering Plants

Plants that produce flowers as their reproductive structures; this group is also known as angiosperms.

Evolutionary Expansion

The process by which species evolve and diversify over time, leading to a broad range of biological forms and functions.

Integuments

Outer protective layers of an organism, which in plants can refer to seed coats and in animals to skin.