Question
Auditor considerations with respect to internal controls in the investment/finance cycle include all of the following except: (A.) Structured transactions are less of a concern
Auditor considerations with respect to internal controls in the investment/finance cycle include all of the following except:
(A.) Structured transactions are less of a concern because they are infrequent in nature.
(B.) The finance investment cycle is characterized by infrequent transactions involving more estimation and therefore are more subject to misstatement.
(C.) Senior managements role in authorization and custody require compensating controls such as dual authorization and custody.
(D.) The infrequent nature of the transactions in this cycle means that routine processes are often not present.
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