Which of the Following Is the Best Method for Determining

question 53

Multiple Choice

Which of the following is the best method for determining the retention policy of the audit documents?

• A) Agreement between the client, the auditing organization, and the auditee
• B) The status of corrective action for the findings written in the audit report
• C) Distribution of the final audit report
• D) Significance of the audit findings written in the final audit report

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Definitions:

False Positive Reaction

Occurs when a test or analysis incorrectly identifies the presence of a condition or attribute that is actually not present.

Dangerous

Involving potential harm or risk to safety, health, or well-being.

Pitfalls

Hidden dangers, problems, or unforeseen challenges that can complicate actions or decisions.

Glass Cliff

The phenomenon where women or minority leaders are more likely to be placed in leadership roles during times of crisis or organizational decline, posing a higher risk of failure.