Short Answer
The concept of ____________________________ recognizes that the cost of an entity's internal control should not exceed the benefits that are expected to be derived.
Correct Answer:

Verified
reasonable...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q88: The primary purpose for obtaining an understanding
Q89: An action taken to prevent,detect,and correct errors
Q90: If the auditors encounter a significant scope
Q91: To test the operating effectiveness of a
Q92: The ultimate purpose of assessing control risk
Q94: Auditors obtain an understanding of the internal
Q95: The most efficient means of gathering evidence
Q96: Accounting for the numerical sequence of shipping
Q97: The purpose of separating the duties of
Q98: The audit task of control risk assessment