Which of the Following Statements Best Describes the Role of the Auditor

question 31

Multiple Choice

Which of the following statements best describes the role of the auditor?

• A) Auditors advise the corporation on how to set up its bookkeeping system.
• B) Auditors provide an independent assessment of the corporation's financial statements prepared by management for the benefit of shareholders.
• C) Auditors prepare the financial statements of the corporation.
• D) Auditors help management prepare the financial statements for the corporation.
• E) Auditors advise the directors on whether management has done a good job in managing the corporation's business

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Definitions:

Self-regulation

Refers to the ability of an individual to manage their emotions, thoughts, and behaviors in accordance with their goals.

Big Five

A model that outlines five broad dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Extraversion

A personality trait characterized by outgoingness, high energy, and sociability, often contrasting with introversion.

Agreeableness

A personality trait characterized by kindness, cooperativeness, warmth, and consideration of others.