Which of the Following Is the Least Important Audit Reason

question 37

Multiple Choice

Which of the following is the least important audit reason for the auditor's obtaining an understanding of a company's internal control?

• A)To serve as a basis for constructive suggestions.
• B)To plan subsequent substantive tests.
• C)To identify types of possible misstatements that may occur.
• D)To consider factors that may affect the risk of material misstatement.

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Definitions:

Textual Poaching

The act of audiences and fans creating their own meanings, interpretations, or adaptations from media contents originally produced by others.

Magic Bullet Theory

A model in media studies suggesting that mass media messages have a direct, immediate, and powerful effect on the public.

Uses and Gratifications Theory

A theory in media studies and communication that explains how people actively seek out specific media and content to satisfy individual needs or desires.

Encoding/Decoding Model

A theory on media that combines models that privilege the media producer and models that view the audience as the primary source of meaning; this theory recognizes that media texts are created to deliver specific messages and that individuals actively interpret them.