The Auditor's Primary Purpose in Auditing the Client's System of Internal

question 61

Multiple Choice

The auditor's primary purpose in auditing the client's system of internal control over financial reporting is

• A) to prevent fraudulent financial statements from being issued to the public.
• B) to evaluate the effectiveness of the company's internal controls over all relevant assertions in the financial statements.
• C) to report to management that the internal controls are effective in preventing misstatements from appearing on the financial statements.
• D) to efficiently conduct the Audit of Financial Statements.

---

Definitions:

Communist Party Leaders

Individuals at the top of the Communist Party hierarchy, responsible for setting policies and guiding the direction of the party in a country.

Loyalty Oaths

Formal pledges of allegiance to a government or leader, often required of government employees, teachers, and others during times of national crisis.

Harry Truman

The 33rd President of the United States (1945–1953), known for implementing the Marshall Plan for European recovery, leading the Cold War's early years, and making the decision to use atomic bombs against Japan.

New Deal Rhetoric

Language and discourse surrounding the series of programs and policies introduced by President Franklin D. Roosevelt in the 1930s to combat the Great Depression.