It is important for the CPA to consider the competence of the entity's employees because their competence bears directly and importantly upon the:
A. timing of the tests to be performed.
B. comparison of recorded accountability with assets.
C. achievement of the objectives of the system of internal control.
D. cost/benefit relationship of the system of internal control.
Answer: C
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What will be an ideal response?
The last time Betty visited Zing's, the food was excellent. Tonight is her anniversary and she was looking forward to an enjoyable evening
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Consumer confidence is at a low during periods of
A. recession. B. prosperity. C. recovery. D. slowdown. E. depression.
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What will be an ideal response?