If No Control Deficiencies Are Identified, How Will the Extent

question 45

Multiple Choice

If no control deficiencies are identified, how will the extent of substantive testing required differ from a setting where deficiencies in internal control were identified?

• A) The extent of testing will be more.
• B) The extent of testing will be less.
• C) The extent of testing will be the same in the two settings.
• D) The extent of testing is not affect by control deficiencies.

---

Definitions:

Heuristics

Mental shortcuts or rules of thumb that simplify decision-making processes, often used when facing complex problems.

Hedonic Treadmill

The hedonic treadmill is a theory suggesting that people consistently return to a relatively stable level of happiness despite major positive or negative events or life changes.

Richard Easterlin

An economist known for the Easterlin Paradox, which posits that there is not a direct, long-term correlation between a country's economic development and its citizens' happiness.

Myopia

A condition of the eyes where close objects appear clearly, but distant ones don't.