Which of Management's Assertions with Respect to Implementing Internal Controls

question 85

Multiple Choice

Which of management's assertions with respect to implementing internal controls is the auditor primarily concerned?

• A) efficiency of operations
• B) reliability of financial reporting
• C) effectiveness of operations
• D) compliance with applicable laws and regulations

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Definitions:

Performance in the Workplace

The degree to which an employee executes their job duties and responsibilities effectively and efficiently.

Justice

The concept of moral rightness based on ethics, rationality, law, natural law, religion, equity, and fairness, as well as the administration of the law.

Kohlberg's Stages

A theory in psychology that categorizes the development of moral reasoning into different levels and stages, from pre-conventional to conventional to post-conventional morality.

Mutual Interpersonal Expectations

The shared beliefs or standards regarding how individuals should behave towards each other in a social or professional context.