An Audit Conducted in Accordance with Generally Accepted Auditing Standards

question 4

Multiple Choice

An audit conducted in accordance with generally accepted auditing standards includes each of the following except:

• A)examination, on a test basis, of evidence supporting the amounts and disclosures in the financial statements.
• B)evaluation of the efficiency and effectiveness of management.
• C)assessment of the accounting principles used and significant estimates made by management.
• D)planning and performance of the audit to obtain reasonable assurance that the financial statements are free of material misstatements.

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Definitions:

Shift

In a work context, it refers to the set period of time during which an individual is scheduled to work; in general context, it can mean a change or movement.

Every 24 Hours

A time frame referring to the occurrence of an event or the administration of medication once a day.

Anxiety

A mental health disorder characterized by excessive nervousness, fear, apprehension, and worry.

Relaxed Facial Expression

A facial appearance indicating calm, lack of stress, or neutrality, often used as an indicator of emotional state or response to relaxation techniques.