Assessing the Quality of Internal Controls,the Reliability of Information,and Operating

question 54

Multiple Choice

Assessing the quality of internal controls,the reliability of information,and operating performance are all part of

• A)audit planning.
• B)collection of audit evidence.
• C)communication of audit results.
• D)evaluation of audit evidence.

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Definitions:

Multinational Technology

Technologies created, distributed, and utilized by companies operating in multiple countries, emphasizing global innovation and connectivity.

Documentary Collection

A banking process where the seller's bank collects payment for goods from the buyer, against delivery of certain documents.

Exporter's Bank

A financial institution that provides services and financing to companies involved in exporting goods and services abroad.

Collecting Payment

The process of receiving money owed for goods or services provided.