To Understand the Relevant Internal Controls of the Company,the Auditor

question 33

Multiple Choice

To understand the relevant internal controls of the company,the auditor should understand the following areas of the company:

• A)the management environment
• B)the auditor's risk assessment process
• C)the information system including the business processes relevant for internal controls
• D)how the company communicates internal control roles and responsibilities
• E)how the company has responded to risks arising from IT

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Definitions:

Interphase

Period between active cell divisions when DNA replication occurs.

DNA Replication

The biological process of producing two identical replicas of DNA from one original DNA molecule.

Anticodon Sequence

A sequence of three nucleotides in a tRNA molecule that pairs with the complementary codon in mRNA during protein synthesis.

Codons

are sequences of three nucleotides in mRNA that specify the addition of a specific amino acid to a polypeptide chain during protein synthesis.