Which of the Following Parties Has the Responsibility for Designing

question 146

Multiple Choice

Which of the following parties has the responsibility for designing and maintaining policies and procedures to identify,evaluate,and account for contingencies?

• A)Management.
• B)The auditor.
• C)The audit committee.
• D)The client's attorney.

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Definitions:

Synthetic A Priori

A concept in epistemology that denotes judgments that are derived independently of experience while still providing new knowledge.

Kant

A profound influential philosopher, Immanuel Kant is celebrated for his work in the critique of pure reason and his moral philosophy that emphasizes duty, autonomy, and the moral law.

Authoritative Knowledge

Knowledge or information that is widely accepted and respected, often due to its source's credibility or its empirical verification.

Science

An organized effort that develops and arranges knowledge as verifiable explanations and forecasts regarding the cosmos.