Which of the following is not a topic that requires special consideration by management during management's internal control assessment process and by the auditor during the audit of internal control?

A. Multiple locations and business units.

B. Service organizations.

C. The role of the auditor in internal control.

D. Safeguarding assets.


C. The role of the auditor in internal control.

Business

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If the net income of a partnership is less than the total of the allowances provided by the partnership agreement, the difference must be divided among the partners in the income-sharing ratio

a. True b. False Indicate whether the statement is true or false

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The __________ must be well versed in the various laws, agreements, and regulations that limit an organization’s ability to recruit.

A. union steward B. HR manager C. county commissioner D. retirement board E. CEO

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When a new partner is admitted to a partnership, the old partnership is dissolved and the capital relationships among the partners are altered

Indicate whether the statement is true or false

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Section 4205 of the Patient Protection and Affordable Health Care Act of 2010 requires restaurants and retail food establishments with 20 or more locations to disclose calorie counts of their food items

Indicate whether the statement is true or false

Business