Which of the Following Is Correct Regarding Management's Documentation of Internal

question 92

Multiple Choice

Which of the following is correct regarding management's documentation of internal controls?

• A) inadequate documentation is not a control deficiency
• B) documentation needs to focus on interim controls
• C) documentation needs to have some focus on controls designed to detect fraud
• D) documentation should only focus on system design

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Definitions:

Observations

The act of recording or the data recorded during an experiment or study, representing instances or examples of a phenomenon.

Dependent Variable

A variable whose value depends on one or more other variables, often examined in statistical models to understand the effect of independent variables.

Years of Education

A demographic measure referring to the total number of years that an individual has received formal education.

Income

The financial gain received by an individual or entity, typically measured over a certain period of time, from work or investments.