Matthew, an Auditor, Is Going to Start a Project Audit

question 6

Multiple Choice

Matthew, an auditor, is going to start a project audit. He has already acquired information about the project from the accounting department. Which of the following steps should he take to expedite gathering data about the project?

• A) He should accept unconfirmed and unverified information from discreet sources.
• B) He should streamline the project development process.
• C) He should develop forms and procedures for data collection.
• D) He should ensure the legality of the audit.
• E) He should compile the currently available data separately.

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Definitions:

Dissension

Disagreement that leads to discord within a group, often disrupting unity and causing conflicts among members or factions.

Sharecropping

An agricultural system where a landowner allows a tenant to use the land in return for a share of the crops produced on their portion of land.

Juneteenth

An annual holiday commemorating the June 19, 1865, announcement of the abolition of slavery in Texas, and more broadly the emancipation of enslaved African Americans throughout the Confederate South.

Ku Klux Klan

A white supremacist hate group in the United States known for its racist, anti-immigrant, anti-Catholic, and anti-Semitic beliefs and acts of violence.