The External Auditor May Perform an Independent Review to Assess

question 162

True/False

The external auditor may perform an independent review to assess if and how internal controls have been impacted by the AIS development/acquisition.

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Definitions:

Individualism

A conceptual framework that prioritizes the liberty of individuals to act over the control by collectives or the state.

Collectivism

A cultural value that emphasizes the importance of the group over individual achievements and the interdependence of its members.

Independence

The state or quality of being autonomous and not dependent upon external support or control.

Interdependence

The mutual reliance between two or more entities where each influences or depends on the other.