If the auditors do not perform tests of controls for certain assertions:
A. They must assess control risk at the maximum level for those assertions.
B. They must issue a qualified opinion.
C. They have performed a substandard audit.
D. They are not required to communicate significant deficiencies relating to those accounts to management and the board of directors.
Answer: A
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A data processing group is an example of a(n)
A. routine team. B. action team. C. advice team. D. production team. E. project team.
The plan for rebuilding the downtown area was approved but the funding is not available until next year
What will be an ideal response?
A major Internet provider provides technical support assistance via Twitter. This provider is using what type of customer relationship program initiative?
a. Engaging customers using social media b. Product customization c. Customer loyalty program d. Product placement program
The U.S. Green Building Council verifies that a building meets certain standards before issuing a Leadership in Energy and Environmental Design (LEED) certification. Lolly hires Myron, a subcontractor, and insists that his work conform to the requirements of the LEED rating system. If the standards are not conformed to, then
A. certain tax credits may not be available. B. the U.S. Green Building Council may impose sanctions. C. Lolly must pay "just compensation" to the local zoning authority. D. Myron may be denied a zoning variance.