The First Step of an Audit Typically Is to _____

question 50

Multiple Choice

The first step of an audit typically is to _____.

• A) communicate audit results
• B) arrive at audit opinion
• C) plan the audit
• D) obtain and evaluate evidence
• E) brainstorm ideas for the audit

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Definitions:

Strict Liability

A legal principle where an individual or entity is responsible for damages or harm caused by their actions, regardless of negligence or intent.

Inherently Dangerous

Refers to activities, substances, or products that possess potential risks or harm that cannot be entirely mitigated through reasonable care or precautions.

Substantially Departed

A term describing a significant deviation or departure from agreed-upon terms or expectations in a legal or formal context.

Scope of Duties

The range or extent of responsibilities and tasks that a job entails, as defined by an employment contract or position description.