Pressures of Time and Money May Affect the Audit Due

question 31

Multiple Choice

Pressures of time and money may affect the audit due to all of the following EXCEPT ________.

• A)clients want to issue their financial statements by a certain date
• B)clients refusing to pay additional fees for additional audit effort and time
• C)pressures within the CPA firm to complete all audits on a timely basis to avoid incurring costs that may not be recovered
• D)pressures by shareholders to find all misstatements in the financial reports

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Definitions:

Open Practices

Approaches and methodologies that emphasize transparency, accessibility, and collaborative development and sharing.

Research Materials

Various sources of information including books, journals, articles, and datasets used for academic or professional investigation.

Modern Trait Approach

A perspective in psychology that emphasizes the description and measurement of specific personality characteristics, or traits, as the basis for understanding human behavior.

Personality

A combination of emotional, attitudinal, and behavioral response patterns of an individual that are characteristic over long periods.