In the Title of an Audit Report on the Effectiveness

question 53

Short Answer

In the title of an audit report on the effectiveness of ICFR for a public company, the term _______ emphasizes that the auditors are external to the company and therefore can provide an objective opinion.

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Definitions:

Thorndike's Law of Effect

A psychological principle stating that behaviors followed by satisfying consequences are likely to be repeated, while those followed by unpleasant consequences are less likely to be repeated.

Pleasant Events

Activities or experiences that induce a state of enjoyment, happiness, or satisfaction.

Unpleasant Events

Incidents or occurrences that cause discomfort, distress, or unhappiness.

Partial Reinforcement

One of several reinforcement schedules in which not every correct response is reinforced.