In evaluating internal control,the auditor is basically concerned that the system provides reasonable assurance that
A) Operational efficiency has been achieved in accordance with management plans.
B) Errors and fraud have been prevented or detected.
C) Controls have not been circumvented by collusion.
D) Management can not override the system.

Question

Quizplus · Accepted Answer

The main concern of the auditor in evaluating internal control is to determine if the system provides reasonable assurance that errors and fraud have been prevented or detected. While operational efficiency and preventing collusion are also important aspects of internal control, they are not the primary focus of the auditor's evaluation. The ability for management to override the system is another potential weakness in internal control, but this is not the primary concern being evaluated by the auditor.

In Evaluating Internal Control,the Auditor Is Basically Concerned That the System