Which of the following control objectives in the General Ledger activities under the Record-to-Report process is least likely to have more extensive audit procedures for a business in an industry with fewer regulations? A.To ensure that the general ledger and management accounts are accurate, reliable, and appropriately reflect the structure and operations of the organization, B.To ensure that the accounting records are maintained in accordance with the prevailing laws, regulations, and professional good practice. C.To ensure that the accounting data is capable of meaningful and accurate analysis to support management decisions and actions. D.To ensure that the accounting information can be used to generate all the required statutory published accounting statements.
Which of the following control objectives in the General Ledger activities under the Record-to-Report process is least likely to have more extensive audit procedures for a business in an industry with fewer regulations? A.To ensure that the general ledger and management accounts are accurate, reliable, and appropriately reflect the structure and operations of the organization, B.To ensure that the accounting records are maintained in accordance with the prevailing laws, regulations, and professional good practice. C.To ensure that the accounting data is capable of meaningful and accurate analysis to support management decisions and actions. D.To ensure that the accounting information can be used to generate all the required statutory published accounting statements.
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter7: Planning The Audit: Identifying, And Responding To The Risk Of Material Misstatement
Section: Chapter Questions
Problem 22MCQ
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Which of the following control objectives in the General Ledger activities under the Record-to-Report process is least likely to have more extensive audit procedures for a business in an industry with fewer regulations?
A.To ensure that the general ledger and management accounts are accurate, reliable, and appropriately reflect the structure and operations of the organization,
B.To ensure that the accounting records are maintained in accordance with the prevailing laws, regulations, and professional good practice.
C.To ensure that the accounting data is capable of meaningful and accurate analysis to support management decisions and actions.
D.To ensure that the accounting information can be used to generate all the required statutory published accounting statements.
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