Which of the Following Statements Regarding an Audit Program Is

question 101

Multiple Choice

Which of the following statements regarding an audit program is true?

• A)An audit program should be standardized so that it may be used on any client engagement.
• B)The audit program should be completed by the client company before the audit planning stage begins.
• C)An audit program should be developed by the internal auditor during the audit's completion/reporting phase.
• D)An audit program establishes responsibility for each audit test by requiring the signature or initials of the auditor who performed the test.

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Definitions:

Criterion Variable

Variable in a correlational research study predicted by a predictor variable.

Predictor Variables

Independent variables used in regression analyses to predict or explain variations in the dependent variable.

Linear Regression

Statistical procedure in which a straight line is fitted to a set of data to best represent the relationship between two variables.

Multiple Correlation

A statistical technique that measures the strength of a relationship between one dependent variable and two or more independent variables.