If Tests of Controls Reveal That Controls Are Sufficiently Effective

question 93

True/False

If tests of controls reveal that controls are sufficiently effective to justify reducing control risk, the auditor is justified in reducing substantive audit tests.

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Definitions:

Cognitive Development

The construction of thought processes, including remembering, problem-solving, and decision-making, from childhood through adolescence to adulthood.

William Perry

His work emphasizes the importance of students transitioning from a dualistic way of thinking to recognizing and embracing the complexity and uncertainty of knowledge.

Relativism

The philosophical idea that points of view have no absolute truth or validity, being only relative to other perceptions.

Assault on Reason

A critique or attack on the use of rational thought and logical argumentation, often implying a decline in public discourse.