The Limitations of an Audit Are NOT Caused by ________

question 96

Multiple Choice

The limitations of an audit are NOT caused by ________.

• A)the nature of financial reporting.
• B)the nature of audit procedures.
• C)the need for the audit to be conducted within a reasonable period of time at a reasonable cost.
• D)a guarantee that the financial statements are free from error

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Definitions:

Incentive

Something that motivates or encourages someone to take a particular action.

Motive

A psychological feature that arouses an organism to action toward a desired goal; the reason for the action.

Drive

An innate, biologically determined urge to attain a goal or satisfy a need.

Ghrelin Protein

A hormone produced mainly by the stomach that stimulates appetite and signals the brain to increase food intake.