Following Are the Field Standards That Are Applicable to All

question 43

Multiple Choice

Following are the field standards that are applicable to all types of audits EXCEPT:

• A) The controller, in determining the extent and scope of the audit, should study and evaluate the reliability of internal control.
• B) Competent, relevant, and reasonable evidence should be obtained to support the auditors judgment and conclusions regarding the organization, program, activity, or function under audit.
• C) The auditor should plan the audit in a manner which ensured that an audit of high quality is carries out in an economic, efficient, and effective way and in a timely manner.
• D) The work of the audit staff at each level and audit phase should be properly supervised during the audit; and documented work should be reviewed by a senior member of the audit staff.

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Definitions:

Foreign Subsidiary

A company that is owned or controlled by another company, known as the parent company, and operates in a country different from where the parent company is headquartered.

Human Resource

The department within an organization that deals with the recruitment, management, and direction of people who work in it.

In-Group Collectivism

refers to the extent to which individuals express pride, loyalty, and cohesiveness in their organizations or families.

Robert House

An influential academic known for his work on leadership theory, particularly the Path-Goal Theory of Leadership which suggests that a leader's behavior is contingent to the satisfaction, motivation, and performance of her or his subordinates.