In an Audit Engagement, Which of the Following Would Be

question 61

Multiple Choice

In an audit engagement, which of the following would be considered to be one stage removed from the privity of contract?

• A)The auditor.
• B)Future creditors.
• C)Shareholders.
• D)The company.

---

Definitions:

Reappraisal

A cognitive process that involves changing one's emotional response to a situation by altering one's interpretation of that situation.

Coping Style

The methods or strategies an individual uses to handle stress, challenges, or emotional conflict.

Threatening

The act of expressing an intention to inflict pain, injury, damage, or other hostile action on someone in retribution for something done or not done.

Cancer Risk

The probability or likelihood that an individual will develop cancer over a certain period of time.