A transaction-level internal control activity is best described as
a. a method for recording, summarising, and reporting financial information
b. an action taken by auditors to obtain evidence
c. the functioning of the board of directors in support of its audit committee
d. an action taken by client personnel for the purpose of preventing, detecting, and correcting errors and frauds in transactions to eliminate or mitigate risks identified by the company
Answer: d. an action taken by client personnel for the purpose of preventing, detecting, and correcting errors and frauds in transactions to eliminate or mitigate risks identified by the company
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