An Auditor Wishes to Perform Tests of Controls on a Client's

question 628

Multiple Choice

An auditor wishes to perform tests of controls on a client's cash disbursements procedures. If the controls leave no audit trail of documentary evidence, the auditor most likely will test the procedures by:

• A) Confirmation and observation.
• B) Observation and inquiry.
• C) Analytical procedures and confirmation.
• D) Inquiry and analytical procedures.

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Definitions:

Transformational Leadership

A style of leadership where a leader works with teams to identify needed change, creating a vision to guide the change through inspiration and executing the change in tandem with committed members of the group.

Charismatic Leadership

A leadership style characterized by an individual's ability to inspire and motivate followers through their personality, communication, and actions.

Effects

The outcomes or changes that result from a specific cause or series of events.

Authentic Leadership

A leadership style in which the leader is genuine, transparent, and ethical, and encourages open and honest communication with followers.