Question: For a practitioner to examine management's assertions about the effectiveness of internal controls, all of the following conditions are necessary except: Option A All of
For a practitioner to examine management's assertions about the effectiveness of internal controls, all of the following conditions are necessary except:
Option A
All of the conditions above are necessary.
Option B
The practitioner must have already concluded that the financial statements are fairly presented in accordance with the applicable accounting framework.
Option C
The entity's management accepts responsibility for the effectiveness of its internal control.
Option D
Sufficient competent evidence can be developed to support the evaluation.
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