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 (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process
Section: Chapter Questions
Problem 15CYBK
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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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