The Initial Development of Auditing Standards Was in Response to

question 4

Multiple Choice

The initial development of auditing standards was in response to

• A)a scandal involving embezzlement that was not detected during an audit engagement.
• B)auditors' concerns that all components of the financial statements were not being verified.
• C)independent inquiries of the public accounting profession made by the SEC.
• D)requests by companies for greater assurance with respect to the auditors' ability to detect financial statement misstatements.

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Definitions:

Parents' Divorce

The legal termination of a marriage by the parents of a family, which may have psychological and social effects on their children.

Self-disclosure

The act of revealing personal information about oneself to others, which is not readily known by them.

Sexual Attractiveness

The degree to which a person's physical features, behaviors, or traits are considered appealing in a sexual or romantic context.

Self-esteem

A person's overall sense of their value or worth, or the degree to which they respect and appreciate themselves.