What Type of Report(s)do Auditors of a Service Organization Prepare

question 108

Multiple Choice

What type of report(s) do auditors of a service organization prepare?

• A)Type I report describes the service organization's controls and evaluates whether they are appropriate to achieve specific control objectives
• B)Type II contains the results of internal control tests conducted by the service organization to determine whether the controls provide reasonable assurance that the control objectives were achieved
• C)Type II contains the information in a Type I report and the results of internal control tests conducted by the service organization to determine whether the controls provide reasonable assurance that the control objectives were achieved
• D)Type III contains an overall evaluation of the complete internal control structure as required by Sarbanes-Oxley
• E)All of the above
• F)A,B,and C

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Definitions:

Nonunion Representation

Representation of workers' interests in the workplace without the formal structure or support of a labor union.

Quality

The standard of something as measured against other things of a similar kind; the degree of excellence of something.

Productivity

Refers to the efficiency of production in terms of the amount of goods or services produced relative to the inputs used, such as labor and capital.

NLRA

The National Labor Relations Act, US legislation that protects the rights of employees to organize and to bargain collectively with their employers.