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

question 94

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 listed are necessary.

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Definitions:

Primary Sex Characteristics

The physical features directly involved in reproduction, such as the ovaries in females and testes in males.

Hormones

Chemical messengers produced by glands in the body, which travel through the bloodstream to tissues or organs, affecting various physiological processes.

Fetus

The developing human organism during the period (week 9 until birth) when rapid growth and further development of the structures, organs, and systems of the body occur.

Primary Sex Characteristic

The main biological and physical features inherent in males and females that are directly involved in reproduction, such as ovaries in females and testes in males.