Audit Procedures to Test Internal Controls Are

question 39

Multiple Choice

Audit procedures to test internal controls are

• A)inquiries of management
• B)inspection of relevant documentation
• C)observation of the application of the control
• D)re-certification of the control
• E)re-calculation of amounts
• F)both A and D
• G)both B and C

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Definitions:

Campaign Finance

The money raised and spent to promote candidates, political parties, or policies in elections.

Federal Election Commission

An independent regulatory agency created to enforce the laws that regulate the financing of federal elections.

Monitoring

The systematic process of collecting, analyzing, and using information to track a program's progress, performance, or compliance, often to ensure accountability and efficiency.

Citizens United

A landmark Supreme Court case that ruled on campaign finance laws, significantly affecting the political spending landscape in the United States.