An auditor would most likely be concerned with internal control policies and procedures that provide reasonable assurance about the
A) Efficiency of management's decision-making process.
B) Appropriate prices that the entity should charge for its products.
C) Methods of assigning production tasks to employees.
D) Entity's ability to accurately process and summarize financial data.

Question

Quizplus · Accepted Answer

Auditors are primarily concerned with ensuring the accuracy and completeness of an entity's financial statements. Therefore, they would be most interested in internal control policies and procedures that provide reasonable assurance about the entity's ability to accurately process and summarize financial data. Options A, B, and C do not directly relate to the accuracy of financial reporting.

An Auditor Would Most Likely Be Concerned with Internal Control