When There Is a High Degree of Engagement Risk, Auditors

question 50

Multiple Choice

When there is a high degree of engagement risk, auditors can factor this into the audit risk model by:

• A) increasing the assessment of inherent risk.
• B) reducing the planned detection risk.
• C) reducing the acceptable audit risk.
• D) all of the above

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Definitions:

Competing

Engaging in a rivalry or contest with others to achieve superiority or a win.

Conflict Management

The practice of identifying and handling conflicts in a sensible, fair, and efficient manner, with strategies varying from avoidance to confrontation.

Assertive Communication

A communication style in which individuals express their own needs, desires, and opinions respectfully and directly.

Collaboration

The action of working with someone to produce or create something, often seen as a powerful way to achieve common goals.