Which One of the Following Was Not Listed as an Inherent

question 51

Multiple Choice

Which one of the following was not listed as an inherent limitation of a financial statement audit?

• A) accounting estimates
• B) reasonable length of time
• C) alternative accounting principles
• D) reasonable cost
• E) level of complexity

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Definitions:

Semantic Filters

Information processing mechanisms that selectively interpret and give meaning to communication based on personal experiences and knowledge.

Attitudes

A settled way of thinking or feeling about something, typically reflected in a person's behavior.

Active Listening Skills

The ability to fully concentrate, understand, respond to, and remember what is being said in conversation.

Communication Tool

A medium or instrument that facilitates the exchange of information or messages between individuals or groups.