Which of the Following Is an Accurate Statement Regarding the Auditor's

Multiple Choice

Which of the following is an accurate statement regarding the auditor's responsibility for understanding internal control?

A) Transaction-related audit objectives typically have no impact on the rights and obligations objectives.
B) Transaction-related audit objectives typically have a significant impact on the balance-related audit objective of realizable value.
C) Auditors generally emphasize internal control over account balances rather than classes of transactions.
D) Auditors and management are both equally concerned about controls that affect the efficiency and effectiveness of company operations.