For an Auditor's Report to Conclude That ICFR Is Effective

question 7

Multiple Choice

For an auditor's report to conclude that ICFR is effective, the auditor must have confidence in the conclusion that the ICFR are effective in both design and operation. The applicable period of time pertaining to this conclusion is:

• A) the last day of the fiscal year.
• B) the end of the fiscal year and for a reasonable period of time prior to the fiscal year-end.
• C) throughout the majority of the fiscal year.
• D) throughout the entire fiscal year.

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Definitions:

23rd Pair

Refers to the 23rd pair of chromosomes in humans, also known as the sex chromosomes, which determine an individual's sex (XX for female, XY for male).

Sex Difference

The biological and physiological distinctions typically associated with male and female organisms, often in the context of reproductive functions.

Collection of Genes

A set of genes in an organism that are inherited together from a single parent or recombined from both parents.

Genes

Units of hereditary information encoded in DNA, responsible for guiding the development and functioning of organisms.