Factors Relating to the Internal Control Environment That the Auditor

question 2

Multiple Choice

Factors relating to the internal control environment that the auditor needs to consider when assessing control risk for purchase, payment and payroll transactions include all of these except:

• A) integrity and ethical values.
• B) management's commitment to competence.
• C) design of substantive procedures.
• D) assignment of authority and responsibility.

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Definitions:

Maslow's Needs

Maslow's Needs refer to a hierarchy of human needs proposed by psychologist Abraham Maslow, ranging from basic physiological needs to complex needs for self-actualization.

Entrepreneurs Club

An organization or group dedicated to supporting, networking, and providing resources for individuals who are starting or interested in starting their own businesses.

Common Interests

Shared aims or concerns among individuals or groups, often providing a basis for collaboration.

Self-actualization

The achievement or satisfaction of one's abilities and potentials, seen as an inherent desire or necessity in all individuals.