________ Is Not Part of an External Audit

question 64

Multiple Choice

________ is not part of an external audit.

• A) Analyzing competitors
• B) Analyzing financial ratios
• C) Analyzing available technologies
• D) Studying the political environment
• E) Analyzing social, cultural, demographic and geographic forces

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Definitions:

Fairness

The quality of making judgments that are free from discrimination, honesty, and equity in interpersonal and societal dealings.

Waive Rights

The act of voluntarily relinquishing or giving up a known right or privilege.

Past Practice

is an established custom or way of doing things that, over time, has been accepted and expected by both employers and employees within an organization.

Arbitrators

Neutral third parties who resolve disputes between individuals or organizations, making decisions that can be binding or non-binding.