Question: In considering internal control, the auditor is basically concerned that it provides reasonable assurance that a. Operational efficiency has been achieved in accordance with management

In considering internal control, the auditor is basically concerned that it provides reasonable assurance that

a. Operational efficiency has been achieved in accordance with management plans.

b. Material misstatements due to errors and fraud have been prevented or detected.

c. Controls have not been circumvented by collusion.

d. Management cannot override the system.

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