Which of the Following Does an Auditor Consider When Gaining

question 105

Multiple Choice

Which of the following does an auditor consider when gaining an overall understanding of the client's internal controls?

• A)Entity-wide controls at the account level only.
• B)Transaction controls at the account level only.
• C)Entity-wide controls at the assertion level only.
• D)Both entity-wide controls and transaction controls at the account and assertion levels.

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Definitions:

Transient Exuberance

A rapid increase in the synaptic connections in an infant's brain, which later undergoes pruning to strengthen more frequently used connections.

Norm

An average, or standard, calculated from many individuals within a specific group or population.

Binocular Vision

The ability to focus both eyes in a coordinated manner to get a single, three-dimensional image with depth perception.

Sensation

Describes the initial process of detecting and encoding environmental and bodily stimuli through the sensory organs.