If the Auditor of Financial Statements Understands Internal Control and Assesses

question 76

Multiple Choice

If the auditor of financial statements understands internal control and assesses control risk as low,it is assumed that internal control:

• A)will be tested to support the assessment.
• B)is not required to be tested as it is considered strong.
• C)is considered relatively weak and will not be tested.
• D)has been assessed erroneously by the auditor.

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Definitions:

Calcaneus

The calcaneus, or heel bone, is a large bone in the foot that forms the foundation of the rear part of the foot and supports body weight.

Cuboid

A bone in the foot located between the calcaneus and the metatarsals, participating in stabilizing the foot arch.

Navicular

Refers to the navicular bone in the foot, involved in forming the arch of the foot, or the navicular bone in the wrist.

Medial Malleolus

The bony prominence on the inner side of the ankle, part of the tibia's distal extremity, contributing to the ankle joint's stability.