Which of the Following Statements About Internal Control Is Not

question 73

Multiple Choice

Which of the following statements about internal control is not correct?

• A)The costs of the control should not exceed the benefits.
• B)The auditor's assessment of detection risk is inversely related to the assessment of control risk.
• C)Stronger internal controls result in an increase in the number of required substantive audit procedures.
• D)Management is responsible for the maintenance of internal control.

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Definitions:

Swaying Footbridge

A scenario referring to an unstable or moving footbridge, often used in studies to measure stress response or fear-induced attractions.

Social Exchange Theory

A theory suggesting that human relationships are formed by the use of a subjective cost-benefit analysis and the comparison of alternatives.

Altruistic Behavior

Action taken to benefit others without expecting personal gains, driven by selfless concern for the well-being of others.

Reciprocity Norms

Social norms that dictate that we should treat others as they treat us, leading to mutual benefit or support.