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What is defined as a process and effected by an entity board

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Reference no: EM132730538

Problem 1: What is defined as a process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance?

A. External audit.

B. Corporate governance

C. Internal control.

D. Audit sampling.

Problem 2: Which one of the following is NOT a main reason why auditors can only provide reasonable assurance for a financial report audit?

A. Judgement on materiality.

B. Sampling error.

C. Audit fees are too low.

D. Fraud is difficult to detect

Reference no: EM132730538

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