One of the First Things That the Auditor Will Do

question 84

Multiple Choice

One of the first things that the auditor will do after accepting a new client is:

• A) contact the client's solicitor to discover legal obligations.
• B) study the client's internal controls.
• C) communicate with the client's predecessor auditor.
• D) tour the client's facilities.

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Definitions:

Distributional Justice

The ethical consideration of the fairness in the spread of wealth, income, and resources among all members of society.

Rawlsian Justice

A theory of justice that emphasizes fairness and equality, proposing that social and economic inequalities should be arranged to benefit the least advantaged members of society.

Social Contract

A philosophical theory or model that originates from the Age of Enlightenment, positing that individuals have consented, either explicitly or tacitly, to surrender some of their freedoms and submit to an authority in exchange for protection of their remaining rights.

Rawlsian Justice

A theory of justice that emphasizes fairness and equality, proposing principles to structure society for the benefit of all, especially the least advantaged.