Which One of the Following Statements Is False

question 68

Multiple Choice

Which one of the following statements is false?

• A) Auditing includes the process of gathering evidence to test assertions.
• B) No general audit program suits the needs for all situations.
• C) Even though all audits are different, they can all be approached in the same manner.
• D) All audits involve testing management's assertions contained in written communications to another party and independently gathering evidence to test the relevant assertions.

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Definitions:

Third Parties

Individuals or entities that are not directly involved in a legal agreement or transaction but may be affected by it.

Actual Notice

Notice of agency termination that is given by directly informing third parties, either orally or in writing.

Agency Termination

The legal ending of an agency relationship, which can occur for various reasons such as the fulfillment of the agency's purpose, mutual agreement, or action by either party.

Third Parties

Individuals or entities not directly involved in a contract or agreement but affected by its outcomes.