Which of the Following Does the Public Expect of Auditors

question 66

Multiple Choice

Which of the following does the public expect of auditors?

• A) Understand and enforce principles that best portray the spirit of FASB concepts.
• B) Be neutral to preparers and users of financial information.
• C) Recognize that the investing public is the primary user of audit services.
• D) Take responsibility for the discovery of fraud.
• E) All of the above are expectations of the public.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.