When an Auditor Asks Questions Verbally or in Written Form

question 79

Multiple Choice

When an auditor asks questions verbally or in written form of knowledgeable individuals internal to the client, this is referred to as ________.

• A)confirmation
• B)attestation
• C)affirmation
• D)inquiry

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Definitions:

Duty To Indemnify

It is an obligation to compensate for loss, damage, or liability incurred by another, often specified within a contract.

Suffered While Acting

Experiencing harm or injury in the course of performing duties or actions.

Capacity To Act

The legal ability of a person to enter into contracts and engage in binding agreements.

Agent To Do

Refers to an individual or entity appointed to act on behalf of another (the principal) in dealings with third parties, within the scope of authority granted by the principal.