Which of the Following Factors Impact the Effectiveness and Efficiency

question 1

Multiple Choice

Which of the following factors impact the effectiveness and efficiency of using a substantive analytical procedure to respond to risk?

• A)Nature of the assertion
• B)Assessed risk of the material misstatement
• C)Control over the data
• D)Persuasiveness of the evidence

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Definitions:

Emotional Arousal

A state of heightened physiological and emotional response to stimuli, which can influence behavior and perception.

Self-Efficacy

An individual’s belief about the likelihood of successfully completing a specific task.

Enactive Mastery

Gaining confidence and skill through direct experience and successful practice in specific activities.

Self-Serving Bias

Underestimates internal factors and overestimates external factors as influences on someone’s behavior.