When Auditing a Construction Company, the Auditor Might Use Audit

question 66

Multiple Choice

When auditing a construction company, the auditor might use audit data analytics (ADA) to determine, _______.

• A)the likelihood of receiving audit fees upon conclusion of the audit
• B)the gross margin on each construction contract
• C)the inherent riskiness of the client's industry
• D)if appropriate receivables balance confirmations have been returned

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Definitions:

Punishment

A consequence that decreases the likelihood of a behavior being repeated.

Breadwinner

Traditionally refers to the primary income earner in a household, responsible for supporting the family financially.

Attachment Style

Patterns of relating to others formed in childhood, based on the nature of interactions with caregivers, affecting relationships throughout one's life.

Bowlby and Ainsworth

Key figures in attachment theory, with John Bowlby proposing the concept of attachment in child development, and Mary Ainsworth expanding on it through her research on the mother-child bond.