If Auditors Conclude the Company Did Not Maintain Effective ICFR

question 120

Multiple Choice

If auditors conclude the company did not maintain effective ICFR over the period under audit, it would mean the auditors discovered a/an _______ in the client's ICFR.

• A)material weakness
• B)audit risk
• C)reasonable assurance
• D)professional skepticism

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Definitions:

Operant Conditioning

Operant Conditioning refers to a method of learning where the likelihood of a behavior is adjusted by either rewards or penalties.

Associative Learning

the process by which an individual learns the connection between two stimuli or events, commonly illustrated by classical and operant conditioning.

Contingency Factor

An external variable that can alter the effectiveness of a management approach or business strategy, often requiring adjustments based on specific situations or contexts.

Ivan Pavlov

A Russian physiologist best known for his work in classical conditioning, particularly his experiments with dogs.