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

question 77

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 and corrected.
• C) Controls have not been circumvented by collusion.
• D) Management cannot override the system.

Identify the constitutional constraints on legislative actions, including the necessity for congruence with the Constitution.

Recognize the implications of the commerce clause on federal and state regulatory powers.

Discern the applicability of the privileges and immunities clause to state-to-state interaction.

Grasp the concept of federalism and the division of powers among different branches of government.

---

Definitions:

Vignettes

Short, descriptive pieces of writing or speech that capture a moment, character, or setting in a detailed way.

Dispositional Attribution

A psychological process whereby individuals attribute behavior to the internal characteristics of the agent, rather than to external factors.

Situational Attribution

The process of attributing a person’s behavior to external or environmental factors.

Rational

Based on reason or logic; characterized by clear, logical thinking or the ability to make reasoned decisions.