The Audit Program for Most Audits Is Designed in Three

question 3

Multiple Choice

The audit program for most audits is designed in three parts.These parts are

• A)risk assessment procedures,tests of controls,and tests of details.
• B)risk assessment procedures,analytical procedures,and tests of details.
• C)obtaining an understanding of internal controls,analytical procedures,and tests of details.
• D)tests of controls,analytical procedures,and tests of details of balances.

---

Definitions:

Conservatives

Individuals or groups that hold traditional values and are resistant to change, advocating for the preservation of established institutions.

Social Psychologists

Professionals who analyze the impact of real, perceived, or suggested presence of other people on a person's mental processes, emotions, and actions.

Win-win Propositions

Solutions or agreements designed to bring positive outcomes for all parties involved, often sought in negotiations to ensure mutual satisfaction.

Zero-sum Games

A concept in game theory where one participant's gain is exactly balanced by the losses of other participants.