According to the Standards, Which of the Following Best Describes

question 392

Multiple Choice

According to the Standards, which of the following best describes why initial audit test results should be reported to the auditor-in-charge prior to advising management?

• A) It increases the likelihood of obtaining the audit client's agreement with the results.
• B) It ensures that an appropriate chain of evidence is maintained through the workpapers.
• C) It helps ensure that appropriate professional judgments and conclusions are made.
• D) It is required to demonstrate that effective engagement supervision has occurred.

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Definitions:

Quotes

Direct citations from a source or the exact language used by a person, often enclosed in quotation marks.

Knowledge Management System

A technology-based system used to collect, store, manage, and disseminate knowledge within an organization.

Executive Dashboard

A visualization tool that aggregates and displays key performance indicators and metrics, often used by executives to monitor business health at a glance.

Paraphrase

The act of rewording or rephrasing text while retaining its original meaning and context.