Throughout All Phases of the Audit, Auditors Should Keep Questions

question 152

Multiple Choice

Throughout all phases of the audit, auditors should keep questions in mind when gathering audit evidence.Which is of the following is an example?

• A)Do we need to perform more audit procedures?
• B)If management offers to take us to eat lunch during the audit, should we assume this is breakdown in controls?
• C)Should we assume that client management is dishonest until proven otherwise?
• D)Should we assume that any information from management and those charged with governance is correct?

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Definitions:

Upbringing

The care, instruction, and teaching given to a child by parents or guardians from infancy through adolescence.

Reporting Cheating

The act of informing authorities about violations of academic or professional integrity.

Corporate Crime

Illegal acts committed by a company or individuals acting on its behalf, often to increase profit or market dominance.

Prevent

means to take action in advance to stop something undesirable from happening.