There Are a Number of Things That Audit Firms Can

question 41

Multiple Choice

There are a number of things that audit firms can do to reduce their exposure to lawsuits. Which one of the following is NOT such an item?

• A) Deal only with clients possessing integrity
• B) Hire qualified auditors and train and supervise them
• C) Perform quality audits
• D) Sanction other firms for improper conduct and performance

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Definitions:

Hard Work

Putting forth significant effort or diligence in tasks or responsibilities, often leading to successful outcomes or achievements.

Making A Referral

Making a referral involves directing someone to another professional, service, or agency better suited to address their specific needs, issues, or condition.

Competence

The ability of an individual to do a job properly, encompassing both skillset and knowledge.

Value-Based Conflicts

Occurs when differing beliefs and values lead to disagreements or challenges between individuals or groups.