Which of the Following Would Not Be an Entity Level

question 81

Multiple Choice

Which of the following would not be an entity level control that might address the risk of fraud?

• A)controls over significant,unusual transactions,particularly those that result in late or unusual journal entries
• B)controls over journal entries and adjustments made in the period-end reporting process
• C)controls over related party transactions
• D)controls related to significant management activities

---

Definitions:

Allergies

A condition in which the immune system reacts abnormally to a foreign substance, causing various symptoms.

Concrete Operations

Concrete operations is a stage in Piaget's theory of cognitive development, occurring from ages 7 to 11, where children gain the ability to think logically about concrete events.

Egocentrism

A cognitive behavior where individuals have difficulty seeing situations from perspectives other than their own.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a dismissive or derogatory attitude towards other cultures.