The First General Standard Requires That an Audit of Financial

question 669

Multiple Choice

The first general standard requires that an audit of financial statements is to be performed by a person or persons having:

• A) Seasoned judgment in varying degrees of supervision and review.
• B) Adequate technical training and proficiency.
• C) Knowledge of the standards of fieldwork and reporting.
• D) Independence with respect to the financial statements and supplementary disclosures.

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Definitions:

Token Economy

A behavioral intervention that involves rewarding targeted behaviors with tokens, which can later be exchanged for privileges or items.

Intellectual Disabilities

A term describing individuals with significant limitations in both intellectual functioning and in adaptive behavior, which covers many everyday social and practical skills.

Severe

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