The Primary Source of Information Auditors Use to Obtain Information

question 60

Multiple Choice

The primary source of information auditors use to obtain information about litigation, claims, and assessments is the

• A)client's attorney.
• B)court records.
• C)client's management.
• D)independent auditors.

---

Definitions:

Greater Balance

The concept of achieving a more equitable or harmonious distribution in various aspects of life or systems.

Act Utilitarianism

A form of utilitarianism that assesses each separate act according to whether it maximizes pleasure or minimizes pain, focusing on the consequences of individual actions.

Utilitarian Ethic

A moral philosophy that evaluates the ethical worth of an action based on its consequences, specifically aiming to maximize overall happiness and minimize suffering.

General Welfare

A concept referring to the health, happiness, and fortunes of a person or group.