In Evaluating Internal Control,the Auditor Is Basically Concerned That the System

question 80

Multiple Choice

In evaluating internal control,the auditor is basically concerned that the system provides reasonable assurance that

• A) Operational efficiency has been achieved in accordance with management plans.
• B) Errors and fraud have been prevented or detected.
• C) Controls have not been circumvented by collusion.
• D) Management can not override the system.

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Definitions:

Least Stressful

Pertaining to situations, environments, or conditions that generate the lowest amount of stress or anxiety.

Absenteeism

The frequent absence from work or other duties without good reason, which can impact productivity and operations.

Honeymoon Effect

A phenomenon where newly-hired employees experience a high level of satisfaction and positivity towards their job, which can temporarily boost their performance.

Procedural Fairness

A concept emphasizing the importance of fair and impartial processes in decision-making, leading to increased acceptability of decisions.