Which of the Following Is Not a Standard Technique That

question 324

Multiple Choice

Which of the following is not a standard technique that the chief audit executive (CAE) would use to provide evidence of supervisory review of working papers?

• A) The CAE initials and dates every working paper after it has been reviewed.
• B) The CAE completes an engagement working paper checklist.
• C) The CAE prepares a memorandum discussing the results of the working paper review.
• D) The CAE utilizes an external third party to make an objective recommendation after each working paper review.

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Definitions:

Deception

The act of misleading or deceiving someone by presenting false information or concealing the truth.

Contract

A legally binding agreement between two or more parties that is enforceable by law, outlining obligations that each party must fulfill.

Failing Catering Business

A catering entity that is experiencing declining performance, revenue, or profitability, ultimately facing the risk of ceasing operations.

Undue Influence

An improper or unlawful exercise of power by one person over another to compel that person to act against his or her will, often seen in contractual or testamentary contexts.