An Auditor Determines That There Is an Inherent Risk That

question 41

Multiple Choice

An auditor determines that there is an inherent risk that dividends may be recorded and paid before being declared. This determination is most likely tied to which of the following management assertions?

• A)Completeness.
• B)Presentation and disclosure.
• C)Valuation.
• D)Existence.

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Definitions:

Skill Variety

An aspect of job design that involves the degree to which a job requires a range of different skills and talents.

Empowerment

The process of increasing the capacity of individuals or groups to make choices and transform those choices into desired actions and outcomes.

Learning Orientation

An attitude or approach that emphasizes acquisition of knowledge, skill development, and adapting based on new information.

Self-Leadership

A process whereby individuals influence themselves to achieve self-direction and self-motivation to perform.