The Recommendation of the Appointment and Review of External Auditors

question 11

Multiple Choice

The recommendation of the appointment and review of external auditors by the audit committee is an example of:

• A)safeguards reducing the risk of conflict of interest created by the profession, legislation, or regulation.
• B)safeguards reducing the risk of conflict of interest between an auditor and management.
• C)safeguards reducing the risk of conflict of interest within a professional accounting firm's own systems and procedures.
• D)All of the above
• E)a and c only

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Definitions:

Systematic Desensitization

A behavior therapy used to reduce phobic or anxiety responses through gradual exposure to the feared object or situation paired with relaxation techniques.

Phobia

An irrational and intense fear of a specific object, situation, or activity, leading to anxiety and avoidance behavior.

Virtual Reality

A simulated experience that can be similar to or completely different from the real world, often involving immersive environments created with technology.

Cognitive-Behavioral Therapy

A form of psychological treatment that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic process.