Federal trial courts are known as district courts

Which of the following is the most important reason for an auditor to gain an understanding of an audit client's system of internal control over financial reporting?

a. Understanding a client's system of internal control can help the auditor asses risk and identify areas where financial statement misstatement might be more likely b. Understanding a client's system of internal control can help the auditor make valuable recommendations to management at the end of the engagement c. Understanding a client's system of internal control can help the auditor sell consulting services to the client d. Understanding a client's system of internal control is not a required part of the audit process

Assume you own an antique car. Your prospective insurance company indicates that they will not insure your car unless you take some loss prevention steps to avoid theft

Which of the following steps is the best loss prevention measure with regards to theft? A) Always keep a canvas cover over the car to hide it. B) Never drive in rainy weather. C) Never drive in big cities. D) Store the car in a closed and locked garage.