A Client Company Has a Small Number of Finance and IT

question 54

Multiple Choice

A client company has a small number of finance and IT personnel that supports a packaged financial reporting software system. The appropriate tests of controls could include auditor verification that:

• A) the code in the packaged software cannot be changed by the user.
• B) management override is not possible in this small environment.
• C) outside professionals supplement the financial reporting function and provide an assessment of ICFR effectiveness.
• D) entity-level controls are not relevant in this small environment.

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Definitions:

Clinical Cytogenics

Clinical Cytogenetics is a branch of genetics focusing on the study and analysis of chromosomes to detect genetic diseases and abnormalities in cells, especially for prenatal diagnosis and cancer.

Clinical Laboratory Improvement Amendments

Regulatory standards that guarantee the precision, dependability, and promptness of patient test outcomes, irrespective of the test's location.

1988

A year identified by significant events, developments, or cultural landmarks in history.

Physician's Office Laboratories

Laboratories within doctors' offices where simple tests are performed on-site to provide quick results for medical diagnosis and treatment planning.