The Concept of _____ Recognizes That a GAAS Audit May

question 59

Multiple Choice

The concept of _____ recognizes that a GAAS audit may fail to detect all material misstatements.

• A)absolute assurance
• B)due care
• C)reasonable assurance
• D)risk of material misstatement

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Definitions:

Idiocy/Insanity

Terms historically used to describe individuals with certain mental illnesses or intellectual disabilities, now considered derogatory and inappropriate.

Psychosis

A mental health disorder characterized by a disconnection from reality, which may involve hallucinations, delusions, and impaired thought processes.

Lifestyle Cause

Lifestyle cause relates to how personal habits and ways of living contribute to health conditions or social outcomes.

Human-Environmental

The relationship and interaction between human beings and their environment, including how they affect each other.