What Should Auditors Aim for When Working with Audit Risk

question 46

Multiple Choice

What should auditors aim for when working with audit risk?

• A)Reducing audit risk to an acceptably low level
• B)Eliminating audit risk
• C)Increasing audit risk to an acceptably high level
• D)Stabilizing audit risk from year to year in order to eliminate audit procedures

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Definitions:

Anxiety

A feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.

Oral Retentive

A psychoanalytic concept referring to an individual who exhibits traits such as obsessiveness or tidiness, theorized to stem from unresolved issues during the oral stage of psychosexual development.

Reaction Formation

A defense mechanism where an individual unconsciously replaces unacceptable impulses with their opposites, often resulting in exaggerated behavior.

Unconscious Awareness

The state of having processes in the mind that occur without conscious perception, influencing thoughts, feelings, or actions.