While Reviewing the Workpapers of a New Auditor, the Auditor

question 118

Multiple Choice

While reviewing the workpapers of a new auditor, the auditor in charge discovered that additional audit procedures might be necessary. According to IIA guidance, which of the following would be most relevant for the auditor in charge to consider when making this decision?

• A) Resource management.
• B) Coordination.
• C) Due professional care.
• D) Engagement supervision.

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Definitions:

Globalization

The process of increasing interconnectivity and interdependence among countries worldwide through trade, investment, technology, culture, and politics.

Risk

The potential for losing something of value, which can be physical, financial, or psychological, due to uncertainties in a given situation.

Orientalism

A critical concept that describes the West's often patronizing perception and depiction of Eastern societies, cultures, and peoples, as fundamentally opposed to and lesser than Western norms and values.

Criticisms

The act of expressing disapproval or noting the shortcomings in someone or something, often involving detailed analysis and evaluation.