When assessing the client which of the following factors is considered pervasive and creates both an attitude and culture that affects the client's reporting system,the process of recording transactions,and the process of making estimates and adjustments.

Question

Quizplus · Accepted Answer

The control environment refers to the overall attitude, awareness, and actions of management and employees regarding the importance of control within the organization. It impacts the organization's reporting system, transaction recording process, and estimation and adjustment process. Therefore, it is the factor that creates a pervasive culture affecting these areas.

When Assessing the Client Which of the Following Factors Is