auditing

5) Internal controls are not designed to provide reasonable assurance that 5) A) the company's resources are used efficiently and effectively B) company personnel comply with applicable rules and regulations C) transactions are executed in accordance with management's authorization. D) all frauds will be detected. 6) Which of the following parties provides an assessment of the effectiveness of internal control over 6) financial reporting for public companies? A) Financial statement auditors Yes Management B) Financial statement auditors No Management No C) Financial statement auditors Yes Management No D) Management Yes Financial statement auditors 0