1. C) Transactions are recorded to permit reliable financial statements is not related to effective internal control system.
Rest options are part of reliable internal control system
2. a) A bank's loan approval process internal control is related to audit of financial statements. as loan is related to financial statement item.
all other internal control mentioned in other options not related to financial statement item.
3. a) Absolute assurance is most likely to be component of direct reporting assurance engagement
other options are not most likely related to direct reporting assurance engagemenr
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