The Objective of an Audit Is To

question 75

Multiple Choice

The objective of an audit is to:

• A) provide assurance that the financial report is free from error.
• B) express an opinion on whether the financial reports are prepared in accordance with an applicable financial reporting framework.
• C) express an opinion on the financial statements.
• D) provide assurance that the financial reports are free from error and fraud.

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Definitions:

Parallel Distributed Processing

A computational approach in artificial intelligence and cognitive psychology, suggesting that information processing occurs through networks of interconnected units that operate in parallel.

Cognitive Psychologists

Specialists in the branch of psychology that studies mental processes including how people think, perceive, remember, and learn.

Unconscious

A segment of the psyche that the conscious mind cannot reach, yet it influences both behavior and emotions.

Unconscious Suppression

The involuntary act of pushing unwanted thoughts and memories out of conscious awareness.