Management and the External Auditor Are Responsible for the Effectiveness

question 97

True/False

Management and the external auditor are responsible for the effectiveness of the entity's internal control.

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Definitions:

Managers

Individuals responsible for controlling or administering an organization or group of staff, making decisions, and ensuring goals are achieved.

Low-Context Countries

Countries where communication is explicit, messages are direct, and social structures are less significant in conveying understanding.

Written Words

Text that has been recorded in some form, whether digitally or on a physical medium, allowing for communication, expression, and documentation.

Spoken Words

Verbal communication using language or sounds to convey messages or express thoughts.