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Which of the following best describes the relationship between business objectives, strategies, processes, controls and transactions? a . To achieve its objectives, a business formulates

Which of the following best describes the relationship between business objectives, strategies, processes, controls and transactions?
a. To achieve its objectives, a business formulates strategies and implements processes, which are carried out through business transactions.
b. To achieve its strategies, a business formulates objectives and implements processes, which are carried out through the entity's information and internal control systems.
c. To achieve its objectives, a business formulates strategies to implement its transactions, which are carried out through business processes.
d. To achieve its business processes, a business formulates objectives, which are carried out through th entity's strategies.
About audits of US companies, what are the types of audits over which the Auditing Standards Boarc has standard-setting authority? What are the types of audits over which the PCAOB has standard-settir authority?
ASB
a. Private company audits
b. Public company audits
c. Private company audits
d. Public company audits
PCAOB
Private company audits
Public company audits
Public company audits
Private company audits
The Auditing Standards Board (ASB), which is a committee of the AICPA, is an important setter of standards for audits of US for-profit entities. The PCAOB also is an important setter of standards for audits of US for-profit entities. Name an important setter of standards for audits of for-profit companies outside the United States. You may write the full name, or the abbreviation.
With regard to the ASB and IAASB, what are the four Principles Underlying an Audit (name at least 3 o the 4 to get full credit)?
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