QUESTION 15 In the consideration of internal control, the auditor is basically concerned that it provides reasonable assurance that: O Management cannot override the system. Misstatements have been prevented or detected. Controls have not been circumvented by collusion. O The company will not have financial difficulty. QUESTION 16 Which of the following is not one of the assertions made by management about an account balance? O Existence. Rights and obligations. Valuation. Relevance.