An Auditor Determines That There Is an Inherent Risk That

question 35

Multiple Choice

An auditor determines that there is an inherent risk that stock options exercised or expired remain on the organization's books.This determination is most likely tied to which of the following management assertions?

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

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Definitions:

Observational Learning

The process of observing and imitating the behavior of others.

Self-regulation

The ability of an individual to manage their own thoughts, feelings, and behaviors to achieve long-term goals.

Reinforce Themselves

The process whereby actions or behaviors are naturally strengthened or encouraged without external intervention.

Self-regulation

The ability to monitor and control one's own behavior, emotions, or thoughts, adjusting them in accordance with demands and goals.